The Holders of Mikayla Corporation's Bond with a Face Value

Multiple Choice

The holders of Mikayla Corporation's bond with a face value of $1,000 can exchange that bond for 30 shares of stock. The stock is selling for $25.00. What would the conversion price and conversion ratio be if Mikayla had a 4 for 1 stock split?

A) $5.33; 75
B) $8.33; 120
C) $22.00; 125
D) $27.50; 135
E) None of these.