Given the following information for a convertible bond: If comparable nonconvertible debt offered an annual yield of 9%, what would be the value of this bond? Coupon rate Exercise price Maturity date Call price 6% $25 20 years $1,040 a) If the stock were selling for $34, what is the value of the bond in terms of stock? b) What is the current minimum price that the bond will command? c) Is there any reason to anticipate that the firm will call the bond? 1 ir B I & S