On 2018 02 01 Abc Corp Had Outstanding 8 8000 Face Amount Convertible Bonds Maturing On 2027 02 01 Interest Is 1 (50.73 KiB) Viewed 3 times
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• On, 2018-02-01, ABC Corp. had outstanding 8%, $8000 face amount, convertible bonds maturing on 2027-02-01. Interest is payable on Feb and Aug. On 2018-02-01, all these bonds were converted into 61 shares per $1000 face amount of bond. The stock price on $2018-02-01 was $24. On the date of conversion: Unamortized bond discount was $41.6. The amount of gain/(loss) that should be recognized from the conversion using the market method is: Answer:
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