Question: Save Answer 1 points ABC Inc. has an outstanding convertible bond. The bond can be converted into 45 shares of company's stock currently trading at

Save Answer 1 points ABC Inc. has an outstanding convertible bond. The bond can be converted into 45 shares of company's stock currently trading at $24/share. The bond has 8 years of remaining maturity and a 6% coupon paid annually. ABC's regular bond (ie, the debt without a conversion feature) is currently trading to yield 5%. What is the minimum price of the ABC's convertible bond? O A $1,064.63 OB. $1,046.63 OC$1,080.00 OD.$945.00 O E SI.800.00 F. 5937.90 O G. 598920 OH $1,020:58

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