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When calculating the present value for financial liability, why are 0.7130 and 4.1002 in the equation? How do we get these numbers? Aster Ltd issues
When calculating the present value for financial liability, why are 0.7130 and 4.1002 in the equation? How do we get these numbers?
Aster Ltd issues 100 000 $1 redeemable convertible notes. The notes pay interest at 5% p.a. Each note converts at any time at the option of the holder into one ordinary share. The notes are redeemable at the option of the holders for cash after 5 years. Market rates for similar notes without the conversion option are 7% p.aStep by Step Solution
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