Find the conversion value of a convertible preferred stock that carries a conversion ratio of 1.3, given that the market price of the underlying common stock is $49.43 a share. Would there be any conversion premium if the convertible preferred were selling at $105.32 a share? If so, how much (in dollar and percentage terms)? Also, explain the concept of conversion parity, and then find the conversion parity of this issue, given that the preferred trades at $105.32 per share. Question content area bottom Part 1 The conversion value of the convertible preferred stock is $ enter your response below. (Round to the nearest cent.)