Standard Olive Company of California has a $1,000 par value convertible bond outstanding with a coupon of 8 percent and a of 25 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 $30 per share on the New York Stock Exchange.

answer c. and d. please

c. Compute the pure bond value. (Use semiannual analysis.) Use Appendix B 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 859.06 X d. Calculate the crossover point 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. Share price at crossover point 40.00 X