Find what amount is going to be bond loan during issue

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Reference no: EM132695137

Convertible bond of 900000$5 year deadline nominal interest rate 8% payable every year in dec 31

  • every 1 1000$ bond is convertible to 5 ordinary shares
  • amount obtained during the isuue is 1 025 000

Problem 1: What amount is going to be the bond loan during the issue?

Reference no: EM132695137

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