On 2018 05 01 Abc Had Outstanding 5 10000 Face Amount Convertible Bonds Maturing On 2024 05 01 Interest Is Paya 1 (58.73 KiB) Viewed 13 times
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On, 2018-05-01, ABC had outstanding 5%, $10000 face amount, convertible bonds maturing on 2024-05-01. • Interest is payable on May and Nov. On 2018-05-01, all these bonds were converted into 69 shares per $1000 face amount of bond. The stock price on 2018-05-01 was $15. . On the date of conversion: Unamortized bond discount was $180. The amount of gain/(loss) that should be recognized from the conversion using the book value method is: Answer:
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