Collins Home Products issued $500,000 of 10% convertible debentures. Each bond is convertible into 16 shares of common stock at any time before maturity. The current price of the bonds is $1,080 and the current price of Collins common is $53. The bonds were originally issued at a price of $1,000 (face value) at a time when the stock also sold for $73. (a) What is the conversion price? (b) What is the conversion premium? (c) What is the conversion value