OMG, Inc., has a convertible bond issue in which each bond, while having a par value of $1,000, can be converted into shares of the firms common stock at a rate of 72.2094 shares of stock per $1,000 face value bond (the conversion rate). OMGs common stock is trading at $25.00 per share and the bonds are trading at $1,205.00. What is the conversion value of each bond?