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Posted on May 24, 2024

On June 1, 2021, a company issues $4,000,000 of 6% convertible loan stock at par at an effective interest rate of 8%. Interest is payable

On June 1, 2021, a company issues $4,000,000 of 6% convertible loan stock at par at an effective interest rate of 8%. Interest is payable on May 31 each year. The stock is due for redemption at par on...

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