You have been hired to value a new 25-year callable-convertible bond. The bond has a 4.8% coupon, payable annually, and its face value is $100. The conversion price is $9 and the stock currently sells for $3.21. The stock price is expected to grow at 11% per year. The bond is callable at $120, but based on the prior experience, it wont be called unless the conversion value is $130. YTM is 8%. What value would you assign to this bond?