A 13-year maturity convertible bond with a face value of $1,000 and a 9% coupon on a company with a bond rating of Aaa is selling for $1,030. The bond pays interest annually. Each bond can be exchanged for 20 shares, and the stock price currently is $50 per share. Other Aaa-rated bonds with the same maturity would sell at a yield to maturity of 11%. What is the value of the bondholders' call option? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of call option A 13-year maturity convertible bond with a face value of $1,000 and a 9% coupon on a company with a bond rating of Aaa is selling for $1,030. The bond pays interest annually. Each bond can be exchanged for 20 shares, and the stock price currently is $50 per share. Other Aaa-rated bonds with the same maturity would sell at a yield to maturity of 11%. What is the value of the bondholders' call option? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of call option