Conversion premium (convertible price-conversion value) conversion value ($13000-$825)/$825.00=21.21% Dollar premium convertible price-conversion value(expressed in points) ($12000-$825)/$1,000×100% 17.50 points5 Conversion premium = (convertible price – conversion value) / conversion value = ($1,000 – $825) / $825.00 = 21.21% Dollar premium = convertible price – conversion value (expressed in points) = ($1,000 – $825) / $1,000 x 100% = 17.50 points