1. Elizabeth, age 55 has $5000 net self employment income. She also receives $50000 in dividends of which $44000 are qualified ! What is maximum amount she may contribute to Roth IRA?
2. The bonds of Goniff Bank & Trust have a conversion premium of $34. Their conversion price is $20. The common stock price is $18.00. Assume each bond has a $1,000 par value.
What is the price of the convertible bonds?