Consider a firm with a borrowing cost of 7.25% on unsecured, subordinated straight debt and a current stock price of $41. The firm may be able to issue four-year convertible bonds at an semi-annual coupon rate of 4.0% by offering a conversion ratio such as 22. If other parameters, such as volatility and dividends is valued at $5.16 per share according to the Black-Scholes option pricing model, what are the values of the convertible bond, the conversion value, and the conversion premium?