You have been hired to value a new 30-year callable, convertible bond with a par value of $1,000. The bond has a coupon rate of 9 percent, payable quarterly. The conversion price is $94 and the stock currently sells for $50. The stock price is expected to grow at 10 percent per year for the next 5 years and 4 percent per year thereafter. The bond is callable at $1100 but based on prior experience, the bond will not be called unless the conversion value is $1300. The required return on this bond is 8 percent. What value would you assign to this bond

At december 31, 2018, newman engineering’s liabilities include the following: $29 million of 5% bonds were issued for $29 million on may 31, 1999. the bonds mature on may 31, 2029, but bondholders have the option of calling (demanding payment on) the bonds on may 31, 2019. however, the option to call is not expected to be exercised, given prevailing market conditions. $33 million of 4% notes are due on may 31, 2022. a debt covenant requires newman to maintain current assets at least equal to 194% of its current liabilities. on december 31, 2018, newman is in violation of this covenant. newman obtained a waiver from national city bank until june 2019, having convinced the bank that the company’s normal 2 to 1 ratio of current assets to current liabilities will be reestablished during the first half of 2019. $26 million of 7% bonds were issued for $26 million on august 1, 1989. the bonds mature on july 31, 2019. sufficient cash is expected to be available to retire the bonds at maturity. required: classify the above mentioned debts as current liabilities or noncurrent liabilities. also, provide corresponding value for the same. (enter your answer in millions (i.e., 10,000,000 should be entered as