An analyst has gathered the following information on a convertible bond and the commone equity of the issuer.

Market price of bond: $925.00

Annual coupon: 7.5%

Conversion ratio: 30

Market price of stock: $28.50

Annal stock dividend: $2.15 per share

The premium payback period for the convertible bond is closet to:

	A.	7.12 years.
	B.	5.29 years.
	C.	4.85 years.
	D.	6.67 years.