Price a convertible bond with par=$1000, conversion ratio=20, annual coupon rate=9.9%, and 2 years to maturity. The bond is callable at 100% 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.

t = 0	t = 1	t = 2
		73.86
	59.21
48.5		48.5
	42.27
		32.84

Question 1 2 pts Price a convertible bond with par=$1000, conversion ratio=20, annual coupon rate=9.9%, and 2 years to maturity. The bond is callable at 100% 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. t = 0 t = 1 t = 2 73.86 59.21 48.5 48.5 42.27 32.84 Question 1 2 pts Price a convertible bond with par=$1000, conversion ratio=20, annual coupon rate=9.9%, and 2 years to maturity. The bond is callable at 100% 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. t = 0 t = 1 t = 2 73.86 59.21 48.5 48.5 42.27 32.84