Q3 (This question covers one of Ch. 6 topics) Gentherm Inc. has a convertible bond issue outstanding. Each bond, with a face value of $1,000, can be converted into common shares at a rate of 42.25 shares of stock per $1,000 face value bond (the conversion rate), or $19.85 per share. Gentherm's common stock is trading (on the NYSE) at $19.85 per share and the bonds are trading at $1,025. a. Calculate the conversion value of each bond. b. Determine if it is currently profitable for bond-holders to convert their bonds into shares of Gentherm common stock