Matthews Technology has a $1,000 par value. 20 year convertible bond outstanding with a 10% coupon rate that can be converted into 25 shares of common stock. The common stock is currently selling for $34.25 a share. The convertible bond is selling for $30 more than the conversion value. A competitive, 20 year nonconvertible bond of the same risk class has a 12% annual coupon rate. What is the number of common shares to which the convertible bond can be converted to (Conversion ratio)? Round to the nearest share. A Compute the conversion price? Round to 2 decimal places. 40 A Compute the conversion value? Round to 2 decimal places. 856.25 A Compute the conversion premium? Round to 2 decimal places. 3.50 A Compute the current selling price of the convertible bond? Round to 2 decimal places. A Compute the pure bond value? Round to 2 decimal places. A If the common share price goes down to $32.00 and the conversion premium goes to $46, what will be the new yield to maturity on the bonds? Round to 2 decimal places. A