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The Circle Corporation has issued a convertible bond that has a price in the market of $1.250 with an 8% coupon rate paid semiannually. The

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The Circle Corporation has issued a convertible bond that has a price in the market of $1.250 with an 8% coupon rate paid semiannually. The band can be converted into 25 common shares at the discretion of the bondholder. If the Circle's common stock is currently trading at 532 what is the Conversion premium Select one O a $450 Ob $800 Oc$600 Od $40

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