In June 2021, DMRR Bahrain, a car watch manufacturer issued $1.2billion in convertible bonds. The bonds have a 1.25% coupon rate, mature in 2025, and can be converted into DMRR common stock at a conversion price of $359.87. Each bond has a face value of $1,000, and when DMRR issued its convertible bonds, its common stock was trading at $252.54/share.

a. what is the conversion price?

b. what is the amount of conversion premium?

c. how much the owner will receive of DMRR's share in case of conversion?

d. whether the DMRR's bond was in the money or out of money, explain your answer.