Intro The current price of a non-dividend-paying stock is $241.45 and the annual standard deviation of the rate of return on the stock is 40%. There are 50,000 shares outstanding. The company has issued regular bonds with 5 years to maturity at a yield of maturity of 5.3%. It has also issued 6,000 convertible bonds with an annual coupon rate of 1%, each of which can be converted to 5.5 shares on the maturity date in 5 years. All bonds have a face value of $1,000 The risk-free rate is 5% (continuously compounded). IB Attempt 1/10 for 10 pts. Part 1 What is the value of the convertible bond if it were a straight bond? 0+ decimals Submit 1 6 Attempt 1/10 for 10 pts. Part 2 What is the value of the conversion feature? 0+ decimals Submit Part 3 TE-Attempt 1/10 for 10 pts. What is the value of the convertible bond? 0+ decimals Submit