Jaime Lannister invested in a $1,000 par, 10-year maturity, 11 percent coupon rate convertible bond with a

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Jaime Lannister invested in a $1,000 par, 10-year maturity, 11 percent coupon rate convertible bond with a conversion ratio of 30 issued by a company five years ago. The current market price for the company’s common stock is $30 per share. The current required rate of return on similar but nonconvertible bonds is 13 percent. Should Mr. Lannister consider converting the bond into common stock now?