Hugh, an investment analyst in Brisbane, is analyzing three separate convertible bonds issued by Woolworths Limited, the Commonwealth Bank of Australia, and BHP Billiton. For each of them, calculate the conversion price:

a. A bond of A$1,000 par value that is convertible into 15 shares of common stock.

b. A bond of A$1,500 par value that is convertible into 20 shares of common stock.

c. A bond of A$2,000 par value that is convertible into 20 shares of common stock.