Welby, Inc. has outstanding an issue of 8% convertible bonds payble that mature 2020. suppose the bonds were dated October 1, 2000, and pay interst each april 1, and October 1.
complete the amortization table through October 1, 2002.
bond data:
maturity value: $ 100,000
contract interest rate : 8%
market interest rate 9% annually
issue price 90 3/4
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