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Consider the following convertible bond issue from Twitter in 2014. Issuer: Twitter, Inc. Issue Date: 15 September 2014 Maturity Date: 15 September 2021 Interest: 1%

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Consider the following convertible bond issue from Twitter in 2014. Issuer: Twitter, Inc. Issue Date: 15 September 2014 Maturity Date: 15 September 2021 Interest: 1% payable semi-annually, 15 March and 15 September Issue Size: \$1,000,000,000 Issue Price: $1,000 Conversion Ratio: 12.8793 Share Price, 15 September 2014: $51.60 7. Suppose that on 15 September 2019 , the price of this convertible bond was $1,400 and Twitter's stock price was $100. What is the market conversion premium per share for this bond

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