Conditional Hyperlink Column in Grid with Ajax databinding

[Amit]

In one of the Telerik Grid, I have a column like this.

columns.Template(
    @<text>
            @(item.BoolField ? "Open" : "Closed")
    </text>
).Title("Status");

It works fine when used with .DataBinding(databinding => databinding.Server(). How to do the same when using the Ajax binding using .DataBinding(databinding => databinding.Ajax(). Other than adding a display value in the view model (to have Open/Close), is there a way to deal with this in the view itself?

columns.Bound(m => m.MerchantInfo.BoolField)
    .ClientTemplate("<#= BoolField #>")
    .Title("Status");