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

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.Calculate the straight-bond value assuming that bonds of equivalent risk and maturity are yielding 14 percent per year compounded semiannually.

A) $757.37
B) $796.83
C) $841.07
D) $889.82
E) $902.65