Vital Silence Corp. has just issued a $25-$year callable, convertible bond with a coupon rate of $7$ percent and annual coupon payments. The bond has a conversion price of $$97\mathrm{.}20$ The company's stock is selling for $$29\mathrm{.}10$ per share. The owner of the bond will be forced to convert if the bond's conversion value is ever greater than or equal to $$1,200$ The required return on an otherwise identical nonconvertible bond is $8$ percent. Assume a par value of $$1,000$