Ms. Mary Malone is a CEO of Malone, Inc., and owns 500,000 shares of the common stock. The company’s total number of common shares outstanding is 4 million. The company also has \($20\) million of convertible bond outstanding. The face value of the bond is \($1,000\) and its conversion price is \($20.\) Malone’s common stock is currently selling for \($25,\) and the company has decided to call the bond to force conversion.

Calculate Ms. Malone’s ownership changes between, before, and after the call. Assume that Ms. Malone does not hold any of the company’s convertible bond.