Hilton Hotels Corp. has a convertible bond issue outstanding. Each bond, with a face value of $1,100, can be converted into common shares at a rate of 61.2994 shares of stock per $1,100 face value bond (the conversion rate), or $17.9447 per share. Hilton’s common stock is trading (on the NYSE) at $17.53 per share and the bonds are trading at $1,075.

(a) Calculate the conversion value of each bond. (Round your answer to 2 decimal places. (e. g., 32.16))
(b) State whether it is currently profitable for bond holders to convert their bonds into shares of Hilton Hotels common stock.

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.

Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?