macy Co. issued 4,000bonds five-year, 8% convertible bonds at par. The bond pays interest annually. Each $1,000 bond is convertible into 200 of macy common shares, which are currently trading at $25 each. The current market rate for similar non-convertible bonds is 10%. Assuming that macy follows IFRS, the value to be recorded for the equity portion of the convertible bond is: $319,417 $0 $303,263 $320,000

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