AnimalChin! is a well-established company. Because of its market
share and a fairly stable revenue stream, 5 years ago they
successfully issued 20-year maturity 5% bonds, paying semiannually.
Today, these bonds are selling for 93% of their face value. The
total face value of these bonds is $5 billion. The company also
issued 6% convertible bonds, paying semiannually, trading at 107%
of their face value, maturing in 5 years. The total face value of
these bonds is $3.5 billion. Finally,...