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

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The bond price is calculated by discounting the future cash flows, which include the semi-annual coupon payments and the final stock payment, at the given interest rate. The stock price is $63.35, and the present value of the coupons and stock payment at an 8% annualized interest rate results in a bond price of approximately $63.12.

Will,IncStock Is $63 12 \frac{1}{2} 21​ Years Pays a Semi-Annual Coupon of $0

Will,IncStock Is $63 $\frac{1}{2}$ Years Pays a Semi-Annual Coupon of $0