Given the following information for WoodCo., answer questions 2 and 3 below: WoodCo. is considering issuing a 15-year, 8% convertible bond. Each bond could be converted into 15 shares of common stock. The conversion price would be set at 18% premium. Currently, WoodCo. stock price is equal to $55 per share and it is expected to pay $3 dividends in the coming year. Also, the expected constant growth rate of the stock is 6%. 2. What is WoodCo.'s conversion 5 points price of its convertible bonds? * $55.63 $58.30 $64.90 $75.14 None of the above 5 points 3. What is the conversion value at t=6? * $94.12 $989.62 $1,085.25 O $1,170.27 None of the above