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The Oak Seed Fund invested $ 1 . 5 0 million in a 3 - year convertible debt issue of the Deltoid Training Company. The
The Oak Seed Fund invested $ million in a year convertible debt issue of the Deltoid Training Company. The convertible debt issue had an accrued interest rate of and a conversion discount of on the next round of financing. If the next round of financing happens at the end of years, what is the conversion value of the Oak Seed investment? Express your answer in millions to two decimal places? The correct answer is $ please explain the steps fully.
The Oak Seed Fund invested $ million in a year convertible debt issue of the Deltoid Training Company. The convertible debt issue had an accrued interest rate of and a conversion discount of on the next round of financing. If the next round of financing happens at the end of years, what is the conversion value of the Oak Seed investment? Express your answer in millions to two decimal places? The correct answer is $ please explain the steps fully.
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