Return to question Standard Olive Company of California has a $1,000 par value convertible bond outstanding with a coupon rate of 6 percent and a maturity date of 5 years. It is rated Aa, and competitive, nonconvertible bonds of the same risk class carry a 10 percent yield. The conversion ratio is 25. Currently the common stock is selling for $20 per share on the New York Stock Exchange. a. What is the conversion price? (Round your answer to 2 decimal places.) Answer is complete and correct. is Conversion prio 40.00 b. What is the conversion value? (Round your answer to 2 decimal places) Answer is complete but not entirely correct. Conversion value 000.00 c. Compute the pure bond value. (Use semiannual analysis.) Use Appendix 8 and Appendix D as an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Bond value $ 871.57 d. Calculate the crossover polnt at which the pure bond value equals conversion value (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Sharebice at Crossover point $ 43 58