What is the minimum price (or "floor" price) at which the Neuman's bonds should sell? If the following is true:
Years to maturity: 10 Stock price: $30.00
Par value: $1,000.00 Conversion price: $35.00
Annual coupon: 5.00% Straight-debt yield: 8.00%
$698.15
$734.89
$773.57
$814.29
$857.14