1. Neubert Enterprises recently issued $1,000 par value 15-year bonds with a 7%

1. Neubert Enterprises recently issued $1,000 par value 15-year bonds with a 7%

1. Neubert Enterprises recently issued $1,000 par value 15-year bonds with a 7% coupon paid annually and warrants attached. These bonds are currently trading for $1,000. Neubert also has outstanding $1,000 par value 15-year straight debt with a 10% coupon paid annually, also trading for $1,000. What is the implied value of the warrants attached to each bond? Do not round intermediate calculations. Round your answer to the nearest cent.
2. Breuer Investment’s convertible bonds have a $1,000 par value and a conversion price of $75 a share. What is the convertible issue’s conversion ratio? Round your answer to two decimal places.
3. See attachment of question.
4. See attachment for question.
5. See attachment for question.
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