A certain 6% semiannual coupon, $1,000 par value bond with 20 years to maturity is convertible at the holder’s option to 20 shares of common stock. The current market price of the bond is $800. The common stock is currently priced at $35/share. Answer the following. a. What is the bond’s conversion price? b. What is the conversion ratio? c. What is the conversion value? d. If the bond is priced as a straight bond (investment value of convertible) with yield to maturity of 8%, i) what is the investment value of the convertible? ii) What is the conversion premium?