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Berteand issued $ 1 0 millon corvertible loan notes on i October 2 0 1 8 that carry a nochinal intarent ( coupon ) rate
Berteand issued $ millon corvertible loan notes on i October that carry a nochinal
intarent coupon rate of $ per annuin. They are redenmable on September at par for
cash or can be exchanged for equity shores in Bertrand on the basis of shares for each
of toan. A similar loan nole, whout the comvenion option, would have required Bertrand is pay
an interest ralo of
The prusent value of $ tecolvabla at the end of each year, basod on ditcount rates of and
can be taken as:
Plisas, provide all joumal entries necessary to account for thin trantaction at inception and as
of September
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