Bertrand issued $10 million convertible loan notes on 1 October 20X0 that carry a nominal interest (coupon) rate of 5% per annum. They are redeemable on 30 September 20X3 at par for cash or can be exchanged for equity shares in Bertrand on the basis of 20 shares for each $100 of loan. A similar loan note, without the conversion option, would have required Bertrand to pay an interest rate of 8%.What is the amount that will be recognised as
Bertrand issued $10 million convertible loan notes on 1 October 20X0 that carry a nominal interest (coupon) rate of 5% per annum. They are redeemable on 30 September 20X3 at par for cash or can be exchanged for equity shares in Bertrand on the basis of 20 shares for each $100 of loan. A similar loan note, without the conversion option, would have required Bertrand to pay an interest rate of 8%.What is the amount that will be recognised as
Chapter1: Financial Statements And Business Decisions
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Bertrand issued $10 million convertible loan notes on 1 October 20X0 that carry a nominal interest (coupon)
rate of 5% per annum. They are redeemable on 30 September 20X3 at par for cash or can be exchanged for
equity shares in Bertrand on the basis of 20 shares for each $100 of loan. A similar loan note, without the
conversion option, would have required Bertrand to pay an interest rate of 8%.What is the amount that will
be recognised as
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