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Sunland Inc. issued 8 9 0 0 , 5 - year convertible bonds of $ 2 0 0 0 each for $ 3 8 0
Sunland Inc. issued year convertible bonds of $ each for $ at the beginning of The bonds have a stated rate of interest of and interest is payable annually. Each bond can be convertible into shares with a par value of $ The market rate of similar nonconvertible debt is The fair value of the equity component using the "withandwithout" method is For calculation purposes, round factor value calculations to decimal places, eg Round answer to decimal place, eg Please show steps. Correct Answer is
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