On 1115 the larson co issues a 10000 bond 103 the bond is, Ask an Expert

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On 1/1/15, the Larson Co. issues a $10,000 bond @103. The bond is convertible into 400 shares on Larson common stock. The fair market value of the shares on the issue date exceeds the face value of the bond. Following GAAP, what market price per share would make this a par bond (i.e. no discount or premium)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92009201

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