Gentherm Incorporated has a convertible bond issue outstanding. Each bond, with a face value of $1,100, can be converted into common shares at a rate of 42.25 shares of stock per $1,100 face value bond (the conversion rate), or $17.9450 per share. Gentherm’s common stock is trading (on the NYSE) at $17.53 per share and the bonds are trading at $1,075