Tulsa Drilling Company has \\( \\$ 17 \\) million in 14 percent convertible bonds outstanding. Each bond has a \\( \\$ 1,000 \\) par value. The conversion ratio is 40 , the stock price is \\( \\$ 32 \\), and the bonds mature in 10 years. The bonds are currently seling at a conversion premium of \\( \\$ 80 \\) over the conversion value, Use Appendix \\( B \\) and \\( A p p e n d i x D \\) as an approximate answer, but calculate your final answer using the formula and financial calculator methods a. Today, one year later, the price of Tulsa Drilling Company common stock has risen to \\( \\$ 42 \\). What would your rate of return be if you had purchased the convertible bond one year ago and sold it today? Assume that on the date of sale, the conversion premium has shrunk from \\( \\$ 80 \\) to \\( \\$ 30 \\). (Hint Don't forget to include the interest payment for the first year) (Do not round intermediote colculotions. Input your answer os a percent rounded to 2 decimal places.) b-1. Assume the yield on simitar nonconvertible bonds has fallen to 12 percent at the time of sale. What would the pure bond value be at that point? (Use semiannual analysis) (Do not round intermediate calculotions. Round your finol answer to 2 decimal places.) b-2. Would the pure bond value have a significant effect on valuation then