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The current market price of a bond is $105 prr $100 nominal value. the coupon rate on the debt is 6% and the debt can

The current market price of a bond is $105 prr $100 nominal value. the coupon rate on the debt is 6% and the debt can be redeemed at par in 3 years time. alternnatively the debt can be converted into 10 shares per $100 bond. the currnet market price of the share is $7.50 and share price is expected to increase 8% per annum. what is the redemption value of the bond? show your work.

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