Question: i need help with this homework...;. Marcus, Inc. has convertible bonds.Interest is paid annually.Use the data below to determine the conversion value of each bond.Round

i need help with this homework...;.Marcus, Inc. has convertible bonds.Interest is paid annually.Use the data below to determine the conversion value of each bond.Round to the nearest whole dollar.

Maturity: 10 years

Stock price: $35.00

Par value: $1,000

Conversion price: $40

Annual coupon: 9%

Straight debt yield: 11%

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