DNA Labs, Inc., has a $1,000 convertible bond outstanding that can be converted into 46 shares of common stock. The common stock is currently selling for $27.80 a share, and the convertible bond is selling for $1,327.30

(a)	What is the conversion value of the bond? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Conversion value

$

(b)	What is the conversion premium? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Conversion premium

$

(c)	What is the conversion price? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Conversion price

$

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