You have purchased a convertible bond for $$1,133\mathrm{.}12.$ It is convertible into $34$ shares of the firm$$s common stock. The current stock price is $$19\mathrm{.}20$ per share.

Required:

a$.$ What is the market conversion value of the bond? $($Round your answer to $2$ decimal places.$)$

b$.$ What is the conversion premium? $($Round your answer to $2$ decimal places.$)$

c$.$ Will you choose to convert the stock now?

multiple choice

Yes

No