Question: Please let me know and round to the nearest tenth You have been hired to value a new 25-year callable, convertible bond, with a $1,000

Please let me know and round to the nearest tenth

Please let me know and round to the nearest tenth
You have been hired to value a new 25-year callable, convertible bond, with a $1,000 par value. The bond has a coupon rate of 5.3 percent. payable annually. The conversion price is $95, and the stock currently sells for $3110. The stock price is expected to grow at 14 percent per year. The bond is callable at $1,100. but. based on prior experience. it won't be called unless the conversion value is $1.200. The required return on this bond is E percent. What value would you assign to this bond'il [Do not round intermediate calculations and round your answer to 2 decimal places. e.g., 32.15.}

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