Moniker Manufacturing's Bonds Were Recently Issued at Their $1,000 Par

Moniker Manufacturing's bonds were recently issued at their $1,000 par value.At any time prior to maturity (20 years from now) ,a bondholder can exchange a bond for a share of common stock at a conversion price of $10.What is the conversion ratio? Do not round your intermediate calculations.

A) 85.00
B) 120.00
C) 100.00
D) 110.00
E) 75.00