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O'Reilly Moving Company has a $1,000 par value convertible bond outstanding that can be converted...

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Finance

O'Reilly Moving Company has a $1,000 par value convertible bond outstanding that can be converted into 25 shares of common stock. The common stock is currently selling for $36.90 a share, and the convertible bond is selling for $975.

a. What is the conversion value of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places.)

b. What is the conversion premium? (Do not round intermediate calculations and round your answer to 2 decimal places.) c. What is the conversion price? (Do not round intermediate calculations and round your answer to 2 decimal places.)

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