XYZ Inc issued 543 convertible bonds - each at a price of 103.63% of the...
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XYZ Inc issued 543 convertible bonds - each at a price of 103.63% of the $1,000 face value. At issuance, similar bonds without the conversion option had a price of 97.62% of the $1,000 face value. The convertible bonds have just been converted. The carrying value of the bonds on the conversion date is $531,130, and the company has paid $15,190 to the bondholders to induce early conversion. Using the book value method and IFRS, how much will the company's common share balance increase with conversion? O a $606,047 O b. $620,141 OC. $577,858 O d. $563,764 O e. $591,953
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