On Dec 31, 2023, Wilmott Ltd. issues 10% convertible bonds with a maturity value of $7,000,000. The

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On Dec 31, 2023, Wilmott Ltd. issues 10% convertible bonds with a maturity value of $7,000,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is 9% and the issue price of the bonds is 106.70714.

1.Retirement of bonds with maturity value of $2,400,000 on July 2. Wilmott pays the call price of $106.

Posted Date: May 18, 2024 07:07 AM

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On Dec 31, 2023, Wilmott Ltd. issues 10% convertible bonds with a maturity value of $7,000,000. The

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