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Part 1 On April 1 , 2 0 2 3 , ET Inc. has available for issue $ 2 4 8 , 0 0 0
Part
On April ET Inc. has available for issue $ bonds due in four years. Interest at the rate of is to be paid quarterly.
Calculate the issue price if the market interest rate is: Do not round intermediate calculations. Round the final answers to the
nearest whole dollar.
Part
On October ET Inc. has available for issue a $ bond due in eight years. Interest at the rate of is to be paid
semiannually. Calculate the issue price if the market interest rate is: Do not round intermediate calculations. Round the final
answers to decimal places.
How will the conversion of bonds into common shares affect the elements of the balance sheet assets liabilities, equity
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