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Price a convertible bond with par ( =$ 1000 ), conversion ratio ( =19 ), annual coupon rate =10.8, and 2 years to maturity. The

image text in transcribed Price a convertible bond with par \\( =\\$ 1000 \\), conversion ratio \\( =19 \\), annual coupon rate \=10.8, and 2 years to maturity. The bond is callable at \101 par in year 1 , and convertible from year 1 through maturity. Assume annual compounding, a constant one-year discount rate of \10, and the following binomial model for stock price evolution. Round your answer to 2 decimal places

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