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Sunshine Company has $80,000, 10%, 5-year convertible bonds. On 1st of November, the company decided to convert it into 4000 shares $15 par value common stock. On that day the market value of Sunshine

Sunshine Company has $80,000, 10%, 5-year convertible bonds. On 1st of November, the company decided to convert it into 4000 shares $15 par value common stock. On that day the market value of Sunshine's common stock was $18 per share and 90,000 for bonds. Rrepare the journal entry to record the conversion
What is the IRR of the following set of cash flows? Year 0 1 2 3 Cash Flow -$10,265 3,900 5,700 5,900 Multiple Choice 21.62% O 22.06%

Apr 17 2021 View more View Less

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