Company X has bonds expiring in 9 months (PAR = 1000 EURO) and their value today is 950 EURO. Company is planning to issue new bonds same as the previous with the only difference that the new bonds can be converted to 200 stocks each upon expiry. What is the value of the converted bonds today ?

(converted bonds means that their value differs from the common bond in an amount equals to the value of the conversion options of PAR in 200 stocks . Thus, 1000/200 = 5 EURO per share)