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Bonita Inc. has a $1,000 convertible bond outstanding that is currently selling at $1,500. The...

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Finance

Bonita Inc. has a $1,000 convertible bond outstanding that is currently selling at $1,500. The bond can be converted into 40 common shares and the current common share price is $34 per share. Calculate the conversion price, conversion value and conversion premium of the bond. (Round Conversion premium of the bond to 1 decimal place, e.g.3.5% and other answers to 0 decimal places, e.g.4,234.)
Conversion price
Conversion value
Conversion premium of the bond
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