Question: PLEASE ANSWER A B AND C. = Homework: Homework 8 Question 3, P17-14 (simi... Part 1 of 3 > HW Score: 0%, 0 of 30

PLEASE ANSWER A B AND C. = Homework: Homework 8 Question 3, PLEASE ANSWER A B AND C.

= Homework: Homework 8 Question 3, P17-14 (simi... Part 1 of 3 > HW Score: 0%, 0 of 30 points O Points: 0 of 3 Save Determining valuesConvertible bond Craig's Cake Company has an outstanding issue of 10-year convertible bonds with a $800 par value. These bonds are convertible into 60 shares of common stock. They have a 13% annual coupon interest rate, whereas the interest rate on straight bonds of similar risk is 11%. a. Calculate the straight bond value of this bond. b. Calculate the conversion (or stock) value of the bond when the market price is $25 per share of common stock. c. What is the minimum market value of the bond? a. The straight value of the bond is $ (Round to the nearest cent.)

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