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Please answer A , B and C Excel required Assume that today s date is February 2 1 , 2 0 2 3 . PPL

Please answer A, B and C
Excel required
Assume that todays date is February 21,2023. PPL Corporation, a Moodys investment grade corporation, has issued the following convertible bond issue
Par value $1,000/bond
Maturity 5 years
Coupon 2.875%, payable semi-annually
Each bond can be converted to 29.3432 shares of PPL common stock
Yield-to-maturity 5.48% per year on a comparable risk, straight bond (i.e., bond with no options)
PPLs stock price $28/share
Determine the following.' Show cells and calcultions where possible
A. Straight-bond value (or textbooks investment value)
B. Conversion value
C. Minimum value for this PPL convertible bond

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