Jet Blue Airways Corporation reports the following footnote to its (200510-mathrm{K}). a. Describe the effects on JetBlue's

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Jet Blue Airways Corporation reports the following footnote to its $200510-\mathrm{K}$.

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a. Describe the effects on JetBlue's balance sheet if the convertible bonds are converted.

$b$. Would the conversion affect earnings? Explain.

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Financial Accounting For MBAs

ISBN: 9781934319345

4th Edition

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

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Question Posted: Jun 24, 2024 02:02 AM

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Jet Blue Airways Corporation reports the following footnote to its (200510-mathrm{K}). a. Describe the effects on JetBlue's

Question:

In March 2005, we completed a public offering of $250 million aggregate principal amount of 3% convertible unsecured debentures due 2035, which are currently convertible into 14.6 million shares of our common stock at a price of approximately $17.10 per share.

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Financial Accounting For MBAs

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