A convertible bond with a par value of $1000$ is priced at $1050.$ The bond can be coverted to $40$ shares of company's common stock. The stock price currently trades at $26\mathrm{.}80$ a share.

A$.$ Does it make financial sense to convert the bond? Why?

B$.$ What is the conversion ratio?

C$.$ If the investor converts the bond, what is the total value from the conversion?