Toys, Inc. is a toy store which has issued convertible bonds. The bonds have a face value of $1,000 and are convertible at $35.00 per share. Current price of the bond is $945 and pays coupon at a rate of 6%. The current stock price is $40.00. What is the conversion ratio and conversion value for the bond? A. Conversion ratio =25, Conversion Value =1000 B. Conversion ratio =28.57, Conversion Value =1142.8 C. Corversion rato =28.57, Conversion Value =1000 D. Conversion ratio 25, Converiion Value =1142.8 Toys, Inc. is a toy store which has issued convertible bonds. The bonds have a face value of $1,000 and are convertible at $35.00 per share. Current price of the bond is $945 and pays coupon at a rate of 6%. The current stock price is $40.00. What is the conversion ratio and conversion value for the bond? A. Conversion ratio =25, Conversion Value =1000 B. Conversion ratio =28.57, Conversion Value =1142.8 C. Corversion rato =28.57, Conversion Value =1000 D. Conversion ratio 25, Converiion Value =1142.8