# How to calculate conversion parity for convertible bond?

Can someone explain how can I calculate the parity of this convertible bond?

I know the formula is Current price of common stock x Conversion Ratio, but it doesn't seem to be right in this picture.

• If anyone wants to play with this on Bloomberg the command is MAGNO 4 03/29/49 Corp DES – noob2 Oct 1 '15 at 18:05

$\text{Parity} = \text{Conv Ratio} \cdot \frac{\text{Stock price}}{\text{EURHUF}}:\text{Face value} =984.8326 \cdot \frac{16635}{299.03} :100000 =54,8 \%$