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As a Finance Analyst, you're working on a project to determine whether your employer, Facebook, should invest in convertible bonds of Snap Ine. 1 points

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As a Finance Analyst, you're working on a project to determine whether your employer, Facebook, should invest in convertible bonds of Snap Ine. 1 points Save Answer Snap Inc. is the owner of Snapchat and Bitmoji and is currently trading at $14.17 per share. Snap Inc. is going to issue 51 8 billion in convertible bonds today (2000). The bonds have a 1.74% coupon rate (paid annually) with a face value of 5050. The bonds will mature in 2026 and have a conversation rabo f3.5 What is the conversion price? Round to the nearest cent

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