urrently sells for $33. and its 8% convertible debentures debenture can be converted into 25 shares of common stock conversion value of the bond? 8. The common stock of Southern Airlines curre (issued at par, or $1,000) sell for $850. Each deben at any time before 2025. What is the conversion value of the a. $707.33 b. $744.56 c. $783.75 d. $825.00 e. $866.25 d could be comat its $1,000 par valhe company is considering issuing a 10- 9. Mikkleson Mining stock is selling for $40 per share and he of $2.00, and has an expected constant growth rate of 5.00%. The com Year convertible bond that would be priced at its $1,000 par value. The annual coupon, and each bond could be converted into 20 shares return on an otherwise similar nonconvertible bond is 10.00%. What is convertible at the end of Year 3? a. $794.01 b. $835.81 c. $879.80 d. $926.10 e. $972.41 per share and has an expected dividend in the coming year growth rate of 5,00%. The company is considering issuing a 10- par value. The bonds would have an 8.00% ted into 20 shares of common stock. The required rate of 0.00%. What is the estimated floor price of the