13. You own a bond with a face value of $1,000 and a conversion ratio of 450. What is the conversion price? The conversion price for this bond is $____?(Round to the nearest cent.)

14. A $1,000 face value bond has a conversion ratio of 30. You estimate the transaction costs of conversion to be 2.7% of the face value of the bond. What price must the stock reach for you to convert? The required price per share will be $____?(Round to the nearest cent.)