A convertible bond has a coupon rate of 5.25%, a maturity of June 17, 2017, and a market price of $775.00. The underlying price of the common stock is $28.00, the annual dividend is $1.20 and the conversion ratio is 20.83 shares. find out the conversion premium for this bond. find out the stock price above which conversion will make sense, assuming the bond price remains unchanged. find out the stock price that will result in a conversion value equal to the bond's par value.