Part A (7 marks): Tulia Industries Inc

Subject:BusinessPrice: Bought3

Share With

Part A (7 marks): Tulia Industries Inc. issued $10,000,000 face value of convertible ten year, 8% bonds on January 1, 2018 for $9,850,000. If the bonds had not been convertible, they would have sold at 96. Interest on the bonds is paid annually on December 31", Each $1,000 bond is convertible to 5 common shares. On January 1, 2019, 25% of the bonds are...