Hilton Hotels Corporation has a convertible bond issue outstanding. Each bond, with a face value of $1,400, can be converted into common shares at a rate of 612997 shares of stock per $1.400 face value bond the conversion rate), or $228386 per share. Hilton's common stock is trading on the NYSE) at $22.42 per share and the bonds are trading at $1,375, 6. Calculate the conversion value of each bond. (Round your answer to 2 decimal places. (6.9.. 32.16)) b. State whether it is currently profitable for bond holders to convert their bonds into shares of Hilton Hotels.common stock Conversion von Excise the conversion option b No