Standard Olive Company of British Columbia has a convertible bond outstanding with a coupon rate of 8 percent payable semiannually, and a maturity date of 20 years. The bond maturity value is $1,000. It is rated A, and competitive nonconvertible bonds of the same risk class carry a 5 percent return. The conversion ratio is 20. Currently, the common stock is selling for $25 per share on the Venture Exchange.

a. What is the conversion price? (Round the final answer to 2 decimal places.)

b. What is the conversion value?

c. Calculate the pure bond value. (Use semiannual analysis.) (Round "PV Factor" to 3 decimal places. Round the final answer to 2 decimal places.)

d. Calculate the share price at the crossover point (when the pure bond value equals conversion value). (Round the intermediate values to 2 decimal places. Round the final answer to 2 decimal places.)