ABC owns a convertible bond that matures in four years. The bond has an 8 percent coupon and pays interest annually. The face value of the bond is $1,000 and the conversion price is $20.65. Similar bonds have a market return of 7.5 percent. The current price of the stock $20.82. What is the conversion value of this bond? O $1,056.66 O $1,000.00 $1,014.88 O$1,008.23 $989.00