The LeMonde Corporation has debentures outstanding (par value = $1,000) that are convertible into the company's common stock at a price of $40 per share. The convertibles have a coupon interest rate of 9 percent and mature 16 years from now. In addition, the convertible debenture is callable at 105 percent of par value. The company has a marginal tax rate of 40 percent. Calculate the conversion value if Le Monde's common stock is selling at $40 a share. Round your answer to the nearest dollar. $ Calculate the bond value, assuming that straight debt of equivalent risk and maturity is yielding 10 percent. Round your answer to the nearest dollar. $ . Using the answers from parts a and b, what is a realistic estimate of that market value of the convertible debentures? What is the conversion value if the company's common stock price increases to $47 a share? Round your answer to the nearest dollar. Given the situation presented in Part d, what is a realistic estimate of the market value of the convertible debenture? Using the answers from parts a and b, what is a realistic estimate of the market value of the convertible debentures? a or b from above? What is the minimum common stock price that will allow Le Monde management to use the call feature of the debentures to effectively force conversion2 Roundour answer to the nearest.cent