is callable by the company at par and can be converted into $48\mathrm{.}848$ shares of Bildon common stock. The bond currently sells for $$980($relative to par value of $$1,000),$ and Bildon stock trades at $$12\mathrm{.}150$ a share.

a$.$ Calculate the current conversion value for the bond. Do not round intermediate calculations. Round your answer to the nearest cent.

$

Is the conversion option embedded in this bond in the money or out of the money?

The conversion option embedded is this bond is $].$

b$.$ Calculate the conversion parity price for Bildon stock that would make conversion of the bond profitable. Do not round intermediate calculations. Round your answer to the nearest cent.

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calculations. Round your answer to two decimal places.

The payback period would be

years. This is unviable $V$ as the bond matures in $7$ years.

d$.$ Calculate the convertible's current yield to maturity. Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

calculations. Round your answer to the nearest cent.

$