Reliance company has a 5 1.0M! face value convertible bond issue that is currently selling in the market for $ 950. Each bond is exchangeable at any time for 25 shares of the company's stock. The convertible bond has a 1' percent coupon. Payable semiannually. Similar non-convertibie bonds are priced to yield 11] percent. The bond matures in 10 years stock in Reliance sells for $ 36 per share. 01} 1ii'v'hat are the conversion ratio. conversion price; and conversion premium? 02} 1What is the straight bond value? 03} 1ii"|.I'hat is the conversion value? Q4} 1What is the option value oF the bond