Chapter 12 Financial Planning Exercise 17 Calculate current yield, conversion ratio, and yield to maturity A convertible bond (maturing in 15 years) is convertible into 25 shares of the company's common stock. The band has a par value of $1,000 and is currently trading at $800; the stock (which pays a dividend of 4 cants shace) is currently trading in the market at 334 shweUse annual compounding of interest. Use this information to answer these question a. What is the current yield on the convertible bond? Round your answer to two decimal places What is the dividend yield on the company's common stock Round your answer to two decimal places Which provide more current income the convertible bond or the common stock? What is the band's convention ratia? What is the conversion value of this issue Round your answer to the nearest dollar 5 Is there any conversion premium in this issue? It so, how muchound your answer to the nearest doar (Entre nero, the answer to previous question is one intre both premium and discount, if any, a powtive Vah 1 What is the appromate) yield to matury on the convertible bond Round your answer to two decimal places % What is the dividend yield on the compa % Which provides more current income: the men -Select- Convertible bond Cominon stock s conversion ratio? c. What is the conversion value of this issue? R. $ Is there any conversion premium -Select alue of this iss $ Is there any conversion pr -Select- Premium Discount None Vane.) much? Round your answer to t