DONT NEED TO USE APPENDIX FOR A.

Given the following information concerning a convertible bond: Coupon: 7 percent ($70 per $1,000 bond) Exercise price: $24 Maturity date: 15 years Call price: $1,030 Price of the common stock: $30 a. If this bond were nonconvertible, what would be its approximate value if comparable interest rates were 10 percent? Assume that the bond pays interest annually. Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ b. How many shares can the bond be converted into? Round down your answer to the nearest whole number. shares c. What is the value of the bond in terms of stock? Use the number of shares into which the bond may be converted into from part a. Round your answer to the nearest dollar. $ d. What is the current minimum price that the bond will command? Round your answer to the nearest dollar. $