- On, 2018-02-01, ABC Corp. had outstanding 8%, $8000 face amount, convertible bonds maturing on 2027-02-01.
- Interest is payable on Feb and Aug.
- On 2018-02-01, all these bonds were converted into 61 shares per $1000 face amount of bond.
- The stock price on $2018-02-01 was $24.
- On the date of conversion: Unamortized bond discount was $41.6.
The amount of gain/(loss) that should be recognized from the conversion using the market value method is:
Answer:______