See 031-gometardoryou. Help Seve E Hamilton Steel Company has a convertible bond outstanding, trading in the marketplace at $930. The par value is $1,000, the coupon rate is 10 percent, and the bond matures in 20 years. The conversion price is $40, and the company's common stock is selling for $35 per share. Interest is paid semiannually. a. What is the conversion value? Conversion value b. If similar bonds, which are not convertible, are currently yielding 10 percent, what is the pure bond value of this convertible bond? (Use semiannual analysis.) Use Appendix B and Appendix D. (Do not round intermediate calculations. Round "PV Factor" to 3 decimal places. Round the final answer to 2 decimal places.) Bond value $ Next >