Business, 12.08.2020 05:01, einsigcn8481

On January 1, 2021, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 40 shares of Ozarks no par common stock. Bonds that are similar in all respects, except that they are non convertible, currently are selling at 99. Upon issuance, Ozark should:

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On January 1, 2021, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The b...