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Posted on May 22, 2024

On January 1 of Year 1, when its $30 par value common stock wasselling for $80 per share, Ancil Corporation issued $5,000,000 of4% convertible bonds

On January 1 of Year 1, when its $30 par value common stock wasselling for $80 per share, Ancil Corporation issued $5,000,000 of4% convertible bonds due in 10 years. The conversion option allowedth 2 answers

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