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There are two bonds. Bond 1: $100,000 convertible bond, paying 6% interest annually and maturing in three years. Market rate of 5%. $1000 in face
There are two bonds.
Bond 1: $100,000 convertible bond, paying 6% interest annually and maturing in three years. Market rate of 5%. $1000 in face value convertible into 50 shares.
Bond 2: $50,000 bond that pays 5% interest semi annually, maturing in two years. market rate of 6%.
Prepare the loan amortization schedule (separately) for each bond, show your work.
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