Percentage Conversion Premium. A $1,000 bond is issued at par. The market price of the common stock at the issue date was $20. The conversion price is $25. (a) What is the conversion ratio? (b) What...

Percentage Conversion Premium. A $1,000 bond is issued at par. The market price of the common stock at the issue date was $20. The conversion price is $25. (a) What is the conversion ratio? (b) What is the conversion value? (c) What is the percentage conversion premium?