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A 4 % annual coupon convertible bond has 1 4 years to maturity, a $ 1 , 0 0 0 par value and is priced

A 4% annual coupon convertible bond has 14 years to maturity, a $1,000 par value and is priced at $1,620. This bond can be converted into 20 shares of common. The common currently sells for $63 per share and pays a $0.20 quarterly dividend per share. Similar bonds that are not callable yield 5.25%.
What is this bonds investment value?
$926.76
$998.07
$878.22
$843.12

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