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2020/11/1 A issued $100M of 10% convertible bonds dated at 107 dollar. No par common stock at a conversion rate of 20 shares per $1,000
2020/11/1 A issued $100M of 10% convertible bonds dated at 107 dollar. No par common stock at a conversion rate of 20 shares per $1,000 bond. interest paid annually . The market rate of interest for similar securities is 8%. trading at $51/share
What would be the journal entry
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