Will, Inc Stock Is $63

Will, Inc. stock is $63.35 per share. The companyʹs quarterly dividend is forecasted as $0.10 per share, increasing 5.0% every quarter. A coupon equity-linked bond, promising to pay 1
One share of Will, Inc. in 2 ₂ years pays a semi-annual coupon of $0.20. If annualized
Interest rates are 8.0%, what is the price of the bond?

A) $59.55
B) $61.14
C) $63.12
D) $65.22