Intro The current price of a non-dividend-paying stock is $261.31 and the annual standard deviation of the rate of return on the stock is 40%. There are 67,000 shares outstanding. The company has issued regular bonds with 5 years to maturity at a yield of maturity of 5.8%. It has also issued 9,000 convertible bonds with an annual coupon rate of 1.9%, each of which can be converted to 5.2 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). | Attempt 4/10 for 10 pts. Part 2 What is the value of the conversion feature? 0+ decimals Submit Part 3 Attempt 4/10 for 10 pts. What is the value of the convertible bond? 0+ decimals Submit Intro The current price of a non-dividend-paying stock is $261.31 and the annual standard deviation of the rate of return on the stock is 40%. There are 67,000 shares outstanding. The company has issued regular bonds with 5 years to maturity at a yield of maturity of 5.8%. It has also issued 9,000 convertible bonds with an annual coupon rate of 1.9%, each of which can be converted to 5.2 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). | Attempt 4/10 for 10 pts. Part 2 What is the value of the conversion feature? 0+ decimals Submit Part 3 Attempt 4/10 for 10 pts. What is the value of the convertible bond? 0+ decimals Submit