Please show work.,,The following data applies to Saunders Corporation’s convertible bonds:,Maturity: 10 ,Stock price: $30.00,Par value: $1,000.00 ,Conversion price: $35.00,Annual coupon: 5.00% ,Straight-debt yield: 8.00%,What is the bond’s straight-debt value,,(a) $684.78,(b) $720.82,(c) $758.76,(d) $798.70,(e) $838.63 ,
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