Blue Ridge issued bonds payable on January 1, 2018.
Each $1,000 bond is convertible to...
Business, 10.03.2020 01:26 brandytyler317fries
Blue Ridge issued bonds payable on January 1, 2018.
Each $1,000 bond is convertible to 10 shares of common stock after January 1, 2019.
The bonds have a 5-year term, a stated rate of 8%, and pay interest annually on January 1.
The bonds were issued at a premium of $25,274 which provides an effective interest rate of 6%.
What is the total amount of Blue Ridge's term bonds?
Answers: 1
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