$2023-$ June $[4]($a$)$ SROIC Ltd$.,$ AAA rated company has issued, fully convertible bonds on the following terms, year ago:

$\backslash$table$[[$Face value of Bond,$1,000],[$Coupon $($Interest Rate$),8\mathrm{.}5\%],[$Time to Maturity $($remaining$),3$ years$],[$Interest Payment,Annual, at the end of year$],[$Principal Repayment,At the end of bond maturity$],[$Conversion ratio $($Number of shares per bond$),25],[$Current market price per share,$45],[$Market price of convertible bond,$1,175]]$

AAA rated company can issue plain vanilla bonds without conversion option at an interest rate of $9\mathrm{.}5\%.$

Required:

Analyse the above data to calculate the following:

$($i$)$ Straight Value of Bond

$($ii$)$ Conversion Value of the Bond

$($iii$)$ Conversion premium

$($iv$)$ Percentage of downside risk

$($v$)$ Conversion Parity Price