1. Warrant Value. Assume the same facts as Problem 16.1, except that the stock has a market price of $28 a share. What is the value of the warrant? 2. Conversion Ratio. T Corporation issued a $1,000...

1. Warrant Value. Assume the same facts as Problem 16.1, except that the stock has a market price of $28 a share. What is the value of the warrant?

2. Conversion Ratio. T Corporation issued a $1,000 bond at par. The conversion price is $20. What is the conversion ratio?