Expenses of issuing the bonds based problem
Grand Corp. issued $20,000,000 par value 10% convertible bonds at 99. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95. Expenses of issuing the bonds were $70,000.
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What do you believe to be the causes of the racial prejudice and discrimination in nowadays society?
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Not very stringent, since they were mostly illiterate and preserved history through oral story-tellers who roamed the countryside.
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On July 1, there was $55,000 of unamortized discount applicable to the bonds, and the company paid an additional $75,000 to the bondholders to induce conversion of all the bonds. The company records the conversion by using the book value method.
When societies are desperate for labor, they need all hands on deck and cannot spend energy on building status and class.
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