What is the minimum price or floor price at which the


What is the minimum price (or "floor" price) at which the Neuman's bonds should sell? If the following is true:

Years to maturity: 10 Stock price: $30.00

Par value: $1,000.00 Conversion price: $35.00

Annual coupon: 5.00% Straight-debt yield: 8.00%

$698.15

$734.89

$773.57

$814.29

$857.14

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Financial Accounting: What is the minimum price or floor price at which the
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