On November 16, 2020, Bilbond issued its 10-year, 7% P1,000,000 convertible bonds at 122.The bonds would have
Fantastic news! We've Found the answer you've been seeking!
Question:
On November 16, 2020, Bilbond issued its 10-year, 7% P1,000,000 convertible bonds at 122.The bonds would have sold for P1,154,435 without the conversion feature. The effective interest rate of similar bonds without the conversion feature is 5%.
What is the increase in equity on the date of issuance?
Expert Answer:
Posted Date:
