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Question - The firm issued convertible bonds on the 1st of January. The face value of the bonds is 50,000 EUR, the annual interest rate is 6%, paid each 31st of December, with 5 years maturity. The current market interest rate is 8%. At the end of the 5-year period, the bonds can be converted at 5:1 rate to common share. Record all transactions?

Reference no: EM132924062

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