Please provide a recommendation to Luis as to whether he should convert the URL convertible bond he holds:

Here are the details about the URL Corp. convertible bond Luis holds:

-Bond has $1,000 par value

-The Bond has $50 coupons

-The bond has 10 years until maturity

-The bond can only be converted up until Dec 31, 2022 (today is today- Nov 19, 2020)

-The bond is convertible into equity at a price of $27 per share

-The bond is currently trading at $1,142

URL corp's common stock is currently trading at $30.50 per share. Is it better for Luis to (1) convert the bond into equity today, or (2) continue to hold the bond and wait longer to potentially convert?