Compute the proper entries and calculations

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Question - At the beginning of the current year, the company issued $2.5 million convertible bonds, of which $2 million was correctly allocated to debt. The bonds' market yield is 4% annually, pays interest semi-annually, matures in five years, and can be converted into common shares at the ratio of 1,500 shares per $1,000 bond. The company follows IFRS. Use the information to compute the proper entries and calculations.

Reference no: EM132872500

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