swered Question 1 0 / 1 pts A convertible bond issued by firm BigRed has a conversion ratio of 15, coupon rate of 5.1% (interest paid annually), maturity of 8 years, price of $938.23, and par value of $1,000. The yield to maturity of a non-convertible bond issued by the same firm is 8.2%. BigRed's stock price is currently $38.08 and the stock pays an annual dividend of $0.69 per share. All rates are annualized assuming periodicity of 1 (i.e. annual compounding). What is the conversion premium ratio of BigRed's convertible bond? (If your solution is 4.44% then enter "4.44" as the answer. Precision is 0.01+/- 0.02.) nswered - Answer 64.26 margin of error +/- 0.02 Mkt conversion price = Mkt price of convertible / Conversion ratio Conversion premium ratio = (Mkt conversion price - Stock price)/Stock price swered Question 1 0 / 1 pts A convertible bond issued by firm BigRed has a conversion ratio of 15, coupon rate of 5.1% (interest paid annually), maturity of 8 years, price of $938.23, and par value of $1,000. The yield to maturity of a non-convertible bond issued by the same firm is 8.2%. BigRed's stock price is currently $38.08 and the stock pays an annual dividend of $0.69 per share. All rates are annualized assuming periodicity of 1 (i.e. annual compounding). What is the conversion premium ratio of BigRed's convertible bond? (If your solution is 4.44% then enter "4.44" as the answer. Precision is 0.01+/- 0.02.) nswered - Answer 64.26 margin of error +/- 0.02 Mkt conversion price = Mkt price of convertible / Conversion ratio Conversion premium ratio = (Mkt conversion price - Stock price)/Stock price