Question
On January 1, 2020 JamesBond, Inc. issued its 5-year 10%, 1,000,000 bonds for P1,150,000. Each P1,000 bond has 3 warrants attached. The bondholders may purchase
On January 1, 2020 JamesBond, Inc. issued its 5-year 10%, 1,000,000 bonds for P1,150,000. Each P1,000 bond has 3 warrants attached. The bondholders may purchase 2 of the Company's P35 par value ordinary shares for each warrant at the specified option price of P50. The bonds were selling for 109 without the warrants.
On February 27, 2023, 400 bondholders exercised their right to purchase ordinary shares, when the shares were selling.
How much is the in share warrants outstanding on issue date?
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
