Matu… Show more A convertible bond has the following features (rounding allowed in answers): Face Value: $1,000 Maturity: 10 years Annual coupon: $50 Conversion Price: $40 a. The bond may be converted into how many shares? b. What is the current value of the convertible as a bond if prevailing interest rates are 6% (n=10)? c. What is the current value of the convertible as a stock if the current stock price is $38 per share? d. Based on (b) and (c) and assuming a market premium of $40, what should the current price of the convertible bond be? • Show less