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Question 5 (1 point) You own 1,511 Moose Pasture convertible bonds and they are about to mature. Each bond has a face value of $1,000,

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Question 5 (1 point) You own 1,511 Moose Pasture convertible bonds and they are about to mature. Each bond has a face value of $1,000, a 6% semi-annual coupon and a conversion ratio of 45. If the current price of MPI shares is $11/share, how much will you receive when the bonds mature. (Assume that you make the rational decision to convert if it is in your best interest to do so. Ignore transaction costs.) 67,995 1,556,330 1,511,000 16,621 747,945

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