The following facts apply to a convertible bond making semiannual payments: Conversion price $59/share Coupon rate 6% Par value $1,000 Yield on nonconvertible debentures 9.5% of same quality Maturity 15 years $53/share Market price of stock What is the minimum price at which the convertible should sell? Multiple Choice $723.14 O $1,000.00 35 What is the minimum price at which the convertible should sell? Multiple Choice $723.14 $1,000.00 $898.31 $862.37 $880.34