nash corporation has ourstanding 1900 of $1000 bonds, each convertible into 60 shares of $10 par value common stock. The bonds are converted on December 31, 2025 when the unamortized discount is $37000 and the market price of the stock is $21 per share. Record the conversion using the book value approach. nash corporation has ourstanding 1900 of $1000 bonds, each convertible into 60 shares of $10 par value common stock. The bonds are converted on December 31, 2025 when the unamortized discount is $37000 and the market price of the stock is $21 per share. Record the conversion using the book value approach.