Convertible Subordinated Notes Issued under U.S. SEC Rule 144A Aggregate principal amount Proceeds net of offering costs Coupon Conversion ratio Call date Call price Maturity $100 million $97.0 million 0% 107.2527 shares per $1,000 principal amount July 1, 2008 100% July 1, 2010 a. What is the value of the shares the bondholders would receive per $1,000 bond if they convert? b. What is the value per $1,000 bond they would receive under the call? c. If you call the bonds, will the bondholders convert into shares or accept the call price? You are the CFO of Real Networks on July 1, 2008. The company's stock price is $9.62 and its convertible debt is now callable. See the table below. Convertible Subordinated Notes Issued under U.S. SEC Rule 144A Aggregate principal amount Proceeds net of offering costs Coupon Conversion ratio Call date Call price Maturity $100 million $97.0 million 0% 107 2527 shares per $1,000 principal amount July 1, 2008 100% July 1, 2010