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Wilder Home Products, Incorporated, recently issued $ 3 . 8 million worth of 8 percent convertible debentures. Each convertible bond has a face value of

Wilder Home Products, Incorporated, recently issued $3.8 million worth of 8 percent convertible debentures. Each convertible bond has a face value of $1,000. Each convertible bond can be converted into 22.3 shares of common stock anytime before maturity. The stock price is $38.95 and the market value of each bond is $1,250.
a. What is the conversion ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
b. What is the conversion price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
c. What is the conversion premium? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
d. What is the conversion value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
e. If the stock price increases by $3, what is the new conversion value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
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