The following data apply to Neuman Corporation's convertible bonds: Maturity: 10 Stock price: $30.00 Par value: $1,000.00 Conversion price: $35.00 Annual coupon: 5.00% Straight-debt yield: 8.00% Refer to the data for the Neuman Corporation's convertible bonds. What is the bond's straight-debt value? a. $758.76 b. $838.63 c. $720.82 d. $798.70

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