Value of conversion option to bond holder is $550 and rate of return on non-convertible bond is $270 then rate of return on convertible bond is$?

Value of conversion option to bond holder is $550 and rate of return o

1.	Value of conversion option to bond holder is $550 and rate of return on non-convertible bond is $270 then rate of return on convertible bond is$?
A.	2.04%
B.	$2.04
C.	$280
D.	$820
Answer» D. $820