Question 25 4 pts A convertible bond is sold to investors the stock of this form is selling for $50 in the stock market What will be the conversion price set by the firm on this bond using the rule of thumb that was discussed in class notes and in the audio for this chapter $40 560 570 $25 4 pts Question 18 If a Bond is selling for less than $1000, and the coupon rate is 8%, then you can guess that the yield to maturity of the bond must be more than 8% less than 8% 4 pts Question 16 Under what conditions are firms likely to call the previously issued bonds (once the call protection period expires). Interest rates have gone up in the future Interest rates have dropped in the future