Use the following data for Marcus, Inc. to determine the minimum price (or "floor price") at which the company's convertible bonds should sell. Round to the nearest whole dollar.

Maturity: 20 years

Stock price: $40.00

Par value: $1,000

Conversion price: $45

Annual coupon: 8%

Straight debt yield: 10%

A. $889

B. $900

C. $1,125

D. Need more information

E. None of the above.