You have invested in a semiannual coupon convertible bond that has a conversion ratio of 15. The market price of the company's stock is $45 per share. The face value of the bond is $1.000 with a coupon rate of 7.5%. The bond is due in 15 years and similar non-convertible bonds are yielding 10% YTM Calculate the straight bond value of this bond Assume annual coupon payments. Calculate the straight bond value of this bond. Calculate the conversion value of the convertible bond