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On January 1, 2013, Gless Textiles issued $18 million of 7%, 10-year convertible bonds at...

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Accounting

On January 1, 2013, Gless Textiles issued $18 million of 7%, 10-year convertible bonds at 101. The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 40 shares of Gless

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