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pls solve it asap Hamilton Steel Company has a convertible bond outstanding, trading in the marketplace at $930. The par value is $1,000, the coupon

pls solve it asap

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Hamilton Steel Company has a convertible bond outstanding, trading in the marketplace at $930. The par value is $1,000, the coupon rate is 10 percent, and the bond matures in 20 years. The conversion price is $40, and the company's common stock is selling for $35 per share. Interest is paid semiannually. a. What is the conversion value? Conversion value $ 875 o b. If similar bonds, which are not convertible, are currently yielding 10 percent, what is the pure bond value of this convertible bond? (Use semiannual analysis.) Use Appendix B and Appendix D. (Do not round intermediate calculations. Round "PV Factor" to 3 decimal places. Round the nal answer to 2 decimal places.) Bond value $ 6

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