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Please show all work how to calculate questions thank you Convertible bond Craig's Cake Company has an outstanding issue of 15-year convertible bonds with a

Please show all work how to calculate questions thank you
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Convertible bond Craig's Cake Company has an outstanding issue of 15-year convertible bonds with a $1,000 par value. These bonds are convertible into 80 shares of common stock. They have a 13% annual coupon interest rate, whereas the interest rate on straight bonds of similar risk is 16%. a. Calculate the straight bond value of this bond. b. Calculate the conversion (or stock) value of the bond when the market price is $9, $12, $13, $15, and $20 per share of common stock. c. For each of the common stock prices given in part b, at what price would you expect the bond to sell? Why? d. Make a graph of the straight value and conversion value of the bond for each common stock price given. Plot the per-share common stock prices on the x axis and the bond values on the y axis. Use this graph to indicate the minimum market value of the bond associated with each common stock price

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