Bradley-Link's December 31, 2021, balance sheet included the following items. Long-Term Liabilities 10.0% convertible bonds, callable at 105 beginning in 2022, due 2025 (net of unamortized discount of 56) [note 8] 10.8% registered bonds callable at 108 beginning in 2031, due 2035 (net of unamortized discount of $2) [note 3] Shareholders' Equity Equity-stock warrants Note 8: Bonds (in part) ($ in millions) $294 58 7 The 10.0% bonds were issued in 2008 at 970 to yield 10%. Interest is paid semiannually on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of the Company's no par common stock. The 10.8% bonds were issued in 2012 at 106 to yield 10% Interest is paid semiannually on June 30 and December 31. Each $1,000 bond was issued with 30 detachable stock warrants, each of which entitles the holder to purchase one share of the Company's no par common stock for $25, beginning 2022. On January 3, 2022, when Bradley-Link's common stock had a market price of $32 per share, Bradley-Link called the convertible bonds to force conversion 90% were converted; the remainder were acquired at the call price. When the common stock price reached an all-time high of $37 in December of 2022, 40% of the warrants were exercised