\begin{tabular}{l} 5. An investor owns a convertible bond with a 3.5\% coupon, paid semi-annually. The bond \\ matures in 9.5 years, and is convertible at a price of $50 per share. If comparable bonds are \\ yielding 3.8\%, and the current market price of the stock is $57 per share, what is the \\ conversion value of the bond? \\ \hline \end{tabular}