Question: please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS LYN Corporation common stock currently sells for $28,

please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS

LYN Corporation common stock currently sells for $28, and its 9 years maturity convertible bond with 14% annual coupon rate paid semi-annually has a yield to maturity of 12%. Each bond can be converted into 37 shares of common stock at any time before maturity. What is the conversion value of the bond and would bondholders convert their bond into stock today? You need to provide calculations to support your answer.

PLEASE HELP WITH EXCEL STEP-BY-STEP (IN FULL detail) much appreciated **IMPORTANT** I WANT TO LEARN

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