Exhibit 23.6 Use the Information Below for the Following Problem(S)

Multiple Choice

Exhibit 23.6
Use the Information Below for the Following Problem(S)
BioTech Industries has debentures outstanding (par value $1,000) convertible into the company's common stock at $30. The coupon rate is 11 percent payable semiannually and they mature in 10 years.
-Refer to Exhibit 23.6.At present,what would be the minimum value of the bond?

A) $600.00
B) $796.83
C) $889.82
D) $900.00
E) $1000.00