A 20-year callable, convertible bond has a face value of $1,000 and pays a 6% coupon annually. The conversion price is $75. The stock currently sells for $25 per share. The stock price is expected to grow at 8% per year. The bond is expected to be called when the conversion value is $1,150. The required return on this bond is 8%.

A) What is the bond's conversion value currently?

B) In how many years will this bond be converted?

C) What value should be assigned to this bond?

I WILL UPVOTE IF ANSWERS ARE CORRECT

(Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.)