ou are the CFO of RealNetworks on July 1, 2008. The company's stock price is $9.74 and its convertible debt is now callable. See the table below:

Convertible Subordinated Notes
Issued under U.S. SEC Rule 144A
Aggregate principal amount	$100 million
Proceeds net of offering costs	$97.0 million
Coupon	0%
Conversion ratio	107.5650 shares per $1,000 principal amount
Call date	July 1, 2008
Call price	100%
Maturity	July 1, 2010

a. What is the value of the shares the bondholders would receive per $1,000 bond if they convert?

b. What is the value per $1,000 bond they would receive under the call?

c. If you call the bonds, will the bondholders convert into shares or accept the call price?