Question 36 4P A convertible bond has a conversion rate of 2.5 shares of stock per $1000 face value bond. Today, the stock currently trades at $385 per share. Also, the convertible bond is trading at 97.5 percent of the face value. Is it worthwhile for a bondholder of this convertible bond to convert it to the stock? What is the share conversion rate per bond? What is the conversion value? no: conversion rate 2.53, conversion value = $962.5 O yes: conversion rate 2.53. conversion value = $975 O yes, conversion rate-2.53. conversion value - $9625 nos conversion rate-2.35: conversion value $975