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ter Exam page 4 of 4) 34 Brooks Inc.'s callable bands are currently selling for $1,300. They pay a coupon rate of 10% annualy, have

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ter Exam page 4 of 4) 34 Brooks Inc.'s callable bands are currently selling for $1,300. They pay a coupon rate of 10% annualy, have 10 years to maturity, and a 51,000 par value. The earliest that the bonds can be called is 3 years from now for a call price of $1,200. What is the Yield to Cali? 35 Storm Tech has $1,000 convertible bonds with a coupon rate of 10% paid annually, that has 10 years to maturity. The bond is convertible into 30 shares of Storm Tech. The current interest rate on similar bonds without the convertible option is 8.9%. The current stock price of StormTech is $45. tof a. What is the band's straight-debt valuo? $ 36 What is Storm Tech bond's conversion value75 tof 37 What is the floor price for the Storm Tech bond? $

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