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You are an investor in a firm and own 1,069,590 of its common shares. The firm currently has 6,914,470 common shares outstanding, and its convertible

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You are an investor in a firm and own 1,069,590 of its common shares. The firm currently has 6,914,470 common shares outstanding, and its convertible bonds have a face value of $43,647,570. The convertible bonds have a conversion price of $48.95, and the common stock is currently selling for $56.33 per share. If the firm decides to call the convertible bonds and force conversion, what percentage of the firm's common stock will you own assuming you do not own any convertible bonds? 12.67% 13.02% 13.36% 13.70% 14.04%

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