Convertible debentures with a face value of 1000$ and a maturity of 20 years were issued 3 years ago with a coupon rate of 8%. The current interest rate on similar debt is 10%. Interest payments are assumed to be paid annually. If the conversion price was set at 20$ and the shares of this company are currently trading at 25$ find: What share price would make the investor indifferent between converting and holding on to the bond?