The Morgan Corporation has two different bonds currently outstanding. Bond M is a zero-coupon bond with a face value of $30,000 and matures in 4 years. Bond N is a convertible bond, also with a face value of $30,000 that pays interest annually with a coupon rate of 5%, that can be converted in shares at maturity, in 4 years. The actual price of Bond M is $ 22,900, while the actual price of N is $30,050. What is the implied value of the convertible feature of the Bond N?