Please with full steps and explanation.

Question 6 1 pts Maple Aircraft has issued a convertible bond at 4.75% interest due 2020. The market price of the convertible is 91% of face value (face value is $1,000). The current price of the common stock is $41.50 and the conversion price is $47. Assume that the value of the bond in the absence of a conversion feature is about 65% of face value. How much is the convertible holder paying for the option to buy one share of common stock? $12.22 $10.79 $13.12 $5.5