Your client owns a QRX Corporation convertible bond with a coupon rate of $4\%$ paid semiannually and matures in five years. Comparable debt yields $3\%.$ The QRX bond is convertible into $22$ shares of common stock. The current market price of the underlying stock is $$52.$

What is the conversion value of this bond?

A$)$

$$1,144$

B$)$

$$1,042$

C$)$

$$925$

D$)$

$$1,000$