You have been hired to value a new $25-$year, callable, convertible bond. The bond has a $5\mathrm{.}80$ percent coupon rate, payable annually. The conversion price is $$161,$ and the stock currently sells for $$46\mathrm{.}50.$ The stock price is expected to grow at $13$ percent per year. The bond is callable at $$1,260,$ but based on prior experience, it won$$t be called unless the conversion value is $$1,360.$ The required return on this bond is $10$ percent. What value would you assign to this bond? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Bond value $