Question
8% bonds due March 31, 2033 Maturity value: $250 million 15 year bonds issued to yield 7.5%. Interest is payable annually on March 31. Each
8% bonds due March 31, 2033 Maturity value: $250 million
15 year bonds issued to yield 7.5%. Interest is payable annually on March 31. Each $1000 bond is convertible into 12 common shares. No conversions took place during the year.
Tax rate= 30%
Determine the incremental per share effect if the security is exercised or converted
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Accounting Information Systems
Authors: Cynthia D Heagy, Constance M Lehmann
7th Edition
1111219516, 978-1111219512
