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4 Manpower Electric Company has 5 percent convertible bonds outstanding. Each bonds a $1,000 par value. The conversion ratio is 30, the stock price $39.

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4 Manpower Electric Company has 5 percent convertible bonds outstanding. Each bonds a $1,000 par value. The conversion ratio is 30, the stock price $39. and the bonds mature in 11 years. Use Appendix and Anrendix. Das an approximate answer but calculate your final answer using the formula and financial calculator methods a. What is the conversion value of the bond? (Do not round intermediate colculations and round your enswer to the nearest whole dollar.) Conversion value b. Assume after one year that the common stock price fails to $18.40 What is the conversion value of the bond? (Do nor round Intermediate calculati ns, Round your answer to 2 decimal places) Conversion value c. Also assume that after one year interest rates go up to 10 percent on simtar bonds. There are 10 years to my What is the pure value of the bond? Use semiannual analysis (Do not round intermediate calculations, Round your answer to 2 decimal place Pure Value of the bood d. Will the conversion value of the bond that is or the pureve of the band at have Conversion value of bond

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