The SXX Corporation offers to exchange $421/2 million of a $751/2 million, 41/2% bond of 2029 which is currently quoted at 55 and is convertible to 25 shares of common, for a 41/2% nonconvertible of 2029 , plus some cash. The common stock pays $1.60 per share and is selling at 20.75. The current yield on the bond is: 4.3%.4.25%.8.18%20.5% The SXX Corporation offers to exchange $421/2 million of a $751/2 million, 41/2% bond of 2029 which is currently quoted at 55 and is convertible to 25 shares of common, for a 41/2% nonconvertible of 2029 , plus some cash. The common stock pays $1.60 per share and is selling at 20.75. The current yield on the bond is: 4.3%.4.25%.8.18%20.5%