Corporation RTY has the following convertible bond outstanding: Coupon = 7 percent; Principal = $1,000; Maturity = 10 years; Conversion Price = $64.516; Call price = $1,000 + one years interest The bond's credit rating is A. Other bonds issued by the company have an AA rating. Comparable AA- rated bonds yield 9 percent, and A- rated bonds yield 10 percent. The firm's stock is selling for $60 and pays a dividend of $2 a share. The convertible bond is selling for par ($1,000). What is the value of the bond in terms of stock? Select one: a. $930 b. $1,075.27 c. $1,040.58 d. $961