You Purchased a $10,000 Convertible Bond from Ajax Corporation at Issue.At

You purchased a $10,000 convertible bond from Ajax Corporation at issue.At the time the bond was issued,Ajax's stock traded at $15 per share.Ajax offered a conversion privilege of 20 shares of common stock per $1,000 in bonds.This stock now trades at $60.Assuming there are no costs to convert the bonds to stock,what is the minimum the bond would be trading for on the open market?

A) $10,000 plus accrued interest
B) $11,000 plus accrued interest
C) $3,000 plus accrued interest
D) $12,000