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Y8 Question 3 Illini Company issued $200,000 three-year 8% convertible bonds on 1/1/2016 for $200,000. Each $1,000 bonds can be converted into 20 shares of

Y8 Question 3 Illini Company issued $200,000 three-year 8% convertible bonds on 1/1/2016 for $200,000. Each $1,000 bonds can be converted into 20 shares of Illini's common stock. The fair value of Ill...

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