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June 30, 2021, Kerr Industries had outstanding $40 million of 8%, convertible bonds that mature on June 30, 2022. Interest is payable each year on

June 30, 2021, Kerr Industries had outstanding $40 million of 8%, convertible bonds that mature on June 30, 2022. Interest is payable each year on June 30 and December 31. The bonds are convertible in...

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