ject 3 m Tew Insert Format Tools Add-ons Help See new changes 100% - Normal text Times New.. 13.5 + BIUAC Hm SE 1E - E - IX T1 3. Maple Aircraft has issued a convertible bond at 4.75% interest due 2030. The market price of the convertible is 91% of face value (face value is $1,000), and the conversion ratio is 20. Assume that the value of the bond in the absence of a conversion feature is about 80% of face value. a) What is the conversion price? (1 point) fv/ratio - 1000/20 - $50 2) How much is the convertible holder paying for the option to buy one share of common stock? (2 points) Price - FV*Rate - 1000 91%-8910 Feature FV*8087% - 800 4. On March 4 of 1999, XYZ Corporation takes out a $1 million loan. The company have the interest semiannually. The six-month interest rate is six-month LIBOR +80