[wayneH]

Hie
Can you help me on this question

Nust ltd issue 10 000 $100 convertible bonds for $900 000 and will have a convertion option to 500 000 shares of $1.50 each at the end of 3 years.Transaction cost are $150 000 and coupon rate is 5%.Similar instruments without convertion option have a market value of 11%.Prepare the extract of the financial statements for the 3 years.Assume they are converted at the option of the issue

[Author]

Posts