I don't understand this. Please thoroughly explain. I$$m trying to complete it with paper and pencil. Please fully explain how I show calculate not understanding how.P$17-9$ Conversion $($or stock$)$ value What is the conversion $($or stock$)$ value of each of the

following convertible bonds?

a$.$ A $$1,000-$par$-$value bond that is convertible into $25$ shares of common stock. The common

stock is currently selling for $$50$ per share.

b$.$ A $$1,000-$par$-$value bond that is convertible into $12\mathrm{.}5$ shares of common stock. The common

stock is currently selling for $$42$ per share.

c$.$ A $$1,000-$par$-$value bond that is convertible into $100$ shares of common stock. The common

stock is currently selling for $$10\mathrm{.}50$ per share.