1. XYZ Inc. has 9% convertible bonds that were issued at par, but are now worth $1,100. The bonds can be converted into 30 shares of common stock. The company's common stock currently sells for $37.50. What is the conversion price? Round to the nearest whole dollar.
2. What are three exclusions from the homeowner’s policy that you think are important for everyone to know about? Explain why.
3. Tom is 39 and made a deposit of 12000 on each birthdays until he turns 65 years. The account earns 6% how much will he be able to withdraw from his account starting on his 66 Bday and ending on his 85 Bday when there will be no money left.