You have been hired to value a new 30-year callable, convertible bond. The bond has a 5.6% coupon, payable annually. The conversion price is $17, and the stock currently sells for $4.01. The stock price is expected to grow at 12% per year. The bond is callable at $140, but, based on prior experience, it won't be called unless the conversion value is $150. The required return on this bond is 9%. Assume par value of the bond is $100. What value would you assign to this bond? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Bond value