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Kingbird corporation has outstanding 2 , 0 0 0 of $ 1 , 0 0 0 bonds, each convertible into 5 0 shares of $

Kingbird corporation has outstanding 2,000 of $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bonds are converted on december 31,2025, when the unamortized discount is @27,900 and the market price of the stock is @21 per share

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