set answer to 4 decimal places and do not use approximate methods

6-3 Suppose you own a convertible bond that has a conversion ratio equal to 50. Each convertible bond has a face value equal to $1,000. The current market value of the company's common stock is $19, and the bond is selling for $980. If you want to liquidate your position today because you need money to pay your rent, should you sell the bond or should you convert the bond into common stock and then sell the stock? Explain your answer. Show all work by setting up necessary equations with the proper inputs identified. If you show only final results, you will get a score of zero without exception