Hilton Hotels, Corp. has a converatble bon issue outstanding. Each bond, with a face value of $1,000 can be converted into common shares at a rate of 61.2983 shares of stock per $1,000 face value bond. or $16.316 per share. Hilton's common stock is trading at $15,90 per share and the bonds are trading at $975. Calculate the conversion value of each bond. Determine if it is currently profitable for bond holders to ocnver their bonds into shares of Hilton Hotel common stock.