On January 1, 2020, Space Company issued 4 , 4 year, $100, ooo par value convertible bonds at 98 The bonds can be converted into 3,000 shares of $1 par value common stock Interest is payable on January 1 and July 1 Space's year end is December 31 Space uses straight line amortization On July 1, 2021, 100 of the bonds were converted when the common stock is trading at $25 per share On January 1, 2020, Space Company issued 4 , 4 year, $100, ooo par value convertible bonds at 98 The bonds can be converted into 3,000 shares of $1 par value common stock Interest is payable on January 1 and July 1 Space's year end is December 31 Space uses straight line amortization On July 1, 2021, 100 of the bonds were converted when the common stock is trading at $25 per share

Question

On January 1, 2020, Space Company issued 4  , 4 year,  $100, ooo par value convertible bonds at 98   The bonds can be converted into 3,000 shares of $1 par value common stock  Interest is payable on January 1 and July 1  Space's year end is December 31  Space uses straight line amortization  On July 1, 2021, 100   of the bonds were converted when the common stock is trading at $25 per share  On January 1, 2020, Space Company issued 4  , 4 year,  $100, ooo par value convertible bonds at 98   The bonds can be converted into 3,000 shares of $1 par value common stock  Interest is payable on January 1 and July 1  Space's year end is December 31  Space uses straight line amortization  On July 1, 2021, 100   of the bonds were converted when the common stock is trading at $25 per share

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On January 1, 2020, Space Company issued 4%, 4-year, $100, ooo par value convertible bonds at 98 . The bonds can be converted into 3,000

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