You are considering the purchase of a convertible bond issued by Bildon Enterprises, a non-investment-grade medical services firm: The issue has seven years to maturity and pays a semiannual coupon rate of 7.675% (. e., 3.8375% per period). The issue is callable by the company at par and can be converted into 48.870 shares of Bldon common stock. The bond currently sells for $955 (relative to par value of $1,000), and Bildon stock trades at $12.115 a share. a. Calculate the current conversion value for the bond. Do not round intermediate calculations, Round your answer to the nearest cent. 5 Is the conversion option embedded in this bond in the money or out of the money? The conversion option embedied is this bond is b. Calculate the conversion parity price for Bildon stock that would make conversion of the bond profitable. Do not round intermediate calculations. Round your answer to the nearest cent 5 c. Bildon does not currently pay its shareholders a dividend, having suspended these distributions six months ago. What is the payback (i.e., breakeven time) for this comvertible security, and how should it be interpreted? Do not round intermediate calculations. found your answer to two decimal places. The payback peried wouldibe 6 years. This is (3) as then bond matures in 7 years. d. Calcutate the convertible's current vield to maturity. Do not round intermediate calculations. Round your answer to two decimat places. If a "straight" Bildon fixed-income issue with the same cash flows would yield 9.40%, caiculate the net value of the combined options (i.e., the isruer's call and the investor's conversion) embedded in the bond, Do not round intermediate calculations. Round your answer to the nearest cent