Cooper Industries Has 400,000 Shares of Stock Outstanding with a Market

Cooper Industries has 400,000 shares of stock outstanding with a market price of $32 a share.The firm also has 10,000 bonds outstanding with a face value of $1,000 and a conversion price of $40.The bonds mature tomorrow.You currently own 25,000 shares of this stock and no bonds.What percent ownership in the firm should you expect to have after tomorrow?

A) 3.52 percent
B) 3.85 percent
C) 4.25 percent
D) 6.25 percent
E) 3.13 percent