Intermediate Problems wig is 12. The Olsen Mining Company has been very successful in the last five years. Its $1,000 par value convertible bonds have a conversion ratio of 32. The bonds have a qunted interest rate of 7 percent a year. The firm's common stock is curreatly selling for $41.30 per share. The current bond price has a conversion premium of $10 over the conversion value. What is the current price of the bond? b. What is the current yield on the bond (annual interest divided by the bond's market price)? If the common stock price goes down to $23.40 and the conversion premium goes up to $100, what will be the new current yield on the bond? a. C