Martin Amidu holds 1000 convertible bond which offers a coupon of 10%. The bond will mature in 2022 but he has the option to convert into shares any time before 2022. The price of the bond 1100 is currently per 1000. Martin Amidu has been told that he will receive 40 shares for every 1000 of bonds. The shares are currently trading at 26 on GSE Compute the following; a) Conversion ratio (5 marks) b) Conversion price (5 marks) c) Conversion value (5 marks) d) Advise Martin Amidu whether it worth converting the bonds now (5 marks)