Old Cycle Corporation $($OCC$),$ publisher of Ancient Iron magazine, has a $$1,000$ par value convertible bond issue that is currently selling in the market for $$950.$ Each bond can be exchanged for $100$ shares of stock at the holder's option.

The bond has a $7$ percent coupon, payable annually, and it will mature in $10$ years. OCC's debt is BBB$-$rated. Debt with this rating is priced to yield $12$ percent. Stock in OCC is trading at $$7$ per share.

$-$What is the conversion ratio on this bond? The conversion price? The conversion premium? What is the floor value of the bond? What is its option value?