Nee Corp. had $30,000,8% 12-year convertible bonds outstanding. These bonds were sold at face value and pay semi annual interest on June 30 and Dec 31 of each year. The bonds are convertible into 30 shares of Lennon $2 par value common stock for each $1000 worth of bonds. On Dec. 31 , 2013 after the bond interest has been paid, the entire $ 30,000 face value of bonds were converted