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Jhansu Ltd. issued $4,000,000,5-year, 8% convertible bonds at par. Bonds pay interest annually. Each $1,000 bond is convertible to 200 of Jhansu's no par value
Jhansu Ltd. issued $4,000,000,5-year, 8% convertible bonds at par. Bonds pay interest annually. Each $1,000 bond is convertible to 200 of Jhansu's no par value common share which are currently trading at $ 25 each. The current market rate for similar non-converti bonds is 10%. Assuming Jhansu adheres to IFRSthe value to be recorded for the convers option is
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
