Question
Coco corp issued $500,000 of convertible 6% bonds on May 31, 2018 . Each of the 500, $1,000 bonds is convertible into 20 shares of
Coco corp issued $500,000 of convertible 6% bonds on May 31, 2018. Each of the 500, $1,000 bonds is convertible into 20 shares of common stock. The bonds pay interest semiannually on Jan 1 and July 1. The bonds are dated Jan 1, 2018. If coco's tax rate is 25% and the market price of the stock on 12/31/18 is $24/share, what is the effect on EPS for this bond for 2018?
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Cloud Auditing Best Practices Perform Security And IT Audits Across AWS Azure And GCP By Building Effective Cloud Auditing Plans
Authors: Shinesa Cambric, Michael Ratemo
1st Edition
1803243775, 978-1803243771
