Question 5 (1 point) Assume that Almond Milk Company has a $1,000 face value bond with a stated coupon rate of 8.87 percent that is convertible into its common stock at $35.30. The bond is selling at $1,029.42 in the market. The common stock is selling for $33.12 and pays a dividend of 0.65 per share. Calculate the payback premium period. Please calculate the final answer to two decimal places. Your Answer: Answer