A convertible bond has $1,000 par, pays 3.1% annual coupon, matures in 2 years, and is convertible from now through maturity. Conversion ratio is 31. The convertible bond is trading at $1,083.85 today. What is the premium over straight value of this convertible bond? Assume the yield on a comparable non-convertible bond is 2%, and annual compounding. Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.