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I have tried this question so many times but still am getting the wrong answer You have been hired to value a new 30 -year

I have tried this question so many times but still am getting the wrong answer image text in transcribed
You have been hired to value a new 30 -year callable, convertible bond. The bond has a 5.3% coupon, payable annually. The conversion price is $16, and the stock currently sells for $3.84. The stock price is expected to grow at 10% per year. The bond is callable at $120, but, based on prior experience, it won't be called unless the conversion value is $130. The required return on this bond is 7%. Assume par value of the bond is $100. What value would you assign to this bond? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Bond value You have been hired to value a new 30 -year callable, convertible bond. The bond has a 5.3% coupon, payable annually. The conversion price is $16, and the stock currently sells for $3.84. The stock price is expected to grow at 10% per year. The bond is callable at $120, but, based on prior experience, it won't be called unless the conversion value is $130. The required return on this bond is 7%. Assume par value of the bond is $100. What value would you assign to this bond? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Bond value

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