On august 1, 2004 ryan corporation called its 10% convertible bonds for conversion. The $6,000,000 par bonds were converted into 240,000 shares of $20 par common stock. on august 1, there was $525,000 of unamortized premium applicable to the bonds. the fair market value of the common stock was $20 per share. Ignore all interest payments

2. Garnett inc decides to issued convertible bonds instead of common stock. the company issued 10% convertible bonds, par $2,000,000 at 97. the investment banker indicates that if the bonds had not been convertible they would have sold at 94

3. Gomez company issued $3,000,000 of bonds with a coupon rate of 8%. To help the sale detachable stock warrants are issued at the rate of ten warrants for each $1,000 bond sold. it is estimated that the value of the bonds without the warrants is $2,961,000 and the value of the warrants is $189,000.the bonds with the warrants sold at 101