You are the preferred shareholder of a venture. You have the option to convert each share of yours into 3 shares of common stock. The dividend on the preferred stock is $1 per share. You can assume $5 for the market value of each common share. What is the conversion premium (discount) in percentage if the venture's preferred stock currently trades at $12? 20%25%20%25% 0%. You are the preferred shareholder of a venture. You have the option to convert each share of yours into 3 shares of common stock. The dividend on the preferred stock is $1 per share. You can assume $5 for the market value of each common share. What is the conversion premium (discount) in percentage if the venture's preferred stock currently trades at $12? 20%25%20%25% 0%