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You are an investor in a firm and own 957,640 of its common shares. The firm currently has 6,190,770 common shares outstanding, and its convertible

You are an investor in a firm and own 957,640 of its common shares. The firm currently has 6,190,770 common shares outstanding, and its convertible bonds have a face value of $39,079,220. The convertible bonds have a conversion price of $42.95, and the common stock is currently selling for $49.83 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?

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