Problem 1 12 points On 6/1/19, VitaVitaVegeman, Inc. ("VW") issued a convertible bond with the following characteristics: Par value $1000 Conversion ratio 20:1 Maturity 6/1/29 Coupon 3.50% The bond pays coupons semi-annually. a. We can be confident that the price of the stock on 6/1/19 was (less than, more than or equal to) $????? per share. 2 pts. b. If the stock trades at $60/share, the bond is worth at least - 2 pts C. If the stock trades at $100/share, the bond is worth at least__ 2 pts d. If the stock trades to $20 per share on 6/1/25 and WWV's conventional (i.e., non-convertible) bonds are trading at a yield of 3.50%, the bond is worth at least_ 1 pts e. If the stock trades to $15 per share on 6/1/25 and VVV's conventional (i.e., non-convertible) bonds of the same maturity are trading at a yield of 5.15%, the bond is worth at least 5 pts Problem 1 12 points On 6/1/19, VitaVitaVegeman, Inc. ("VW") issued a convertible bond with the following characteristics: Par value $1000 Conversion ratio 20:1 Maturity 6/1/29 Coupon 3.50% The bond pays coupons semi-annually. a. We can be confident that the price of the stock on 6/1/19 was (less than, more than or equal to) $????? per share. 2 pts. b. If the stock trades at $60/share, the bond is worth at least - 2 pts C. If the stock trades at $100/share, the bond is worth at least__ 2 pts d. If the stock trades to $20 per share on 6/1/25 and WWV's conventional (i.e., non-convertible) bonds are trading at a yield of 3.50%, the bond is worth at least_ 1 pts e. If the stock trades to $15 per share on 6/1/25 and VVV's conventional (i.e., non-convertible) bonds of the same maturity are trading at a yield of 5.15%, the bond is worth at least 5 pts