XYZ Inc issued 445 convertible bonds - each at a price of 101.95% of the $1,000 face value. At issuance, similar bonds w

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Xyz Inc Issued 445 Convertible Bonds Each At A Price Of 101 95 Of The 1 000 Face Value At Issuance Similar Bonds W 1 (129.28 KiB) Viewed 27 times

XYZ Inc issued 445 convertible bonds - each at a price of 101.95% of the $1,000 face value. At issuance, similar bonds without the conversion option had a price of 96.01% of the $1,000 face value. The convertible bonds have just been converted. The carrying value of the bonds on the conversion date is $435,300, and the company has paid $12,460 to the bondholders to induce early conversion. Using the book value method and IFRS, how much will the company's common share balance increase with conversion?