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14-19 (Static) Convertible bonds; induced conversion; bonds with detachable warrants; disclosure note [LO14-5] Bradley-Links December...

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14-19 (Static) Convertible bonds; induced conversion; bonds with detachable warrants; disclosure note [LO14-5] Bradley-Links December 31, 2024, balance sheet included the following items: Long-Term Liabilities ($ in millions) 9.6% convertible bonds, callable at 101 beginning in 2025, due 2028 (net of unamortized discount of $2) [note 8] $ 198 10.4% registered bonds callable at 104 beginning in 2034, due 2038 (net of unamortized discount of $1) [note 8] 49 Shareholders Equity Equitystock warrants 4 Note 8: Bonds (in part) The 9.6% bonds were issued in 2011 at 97.5 to yield 10%. Interest is paid semiannually on June 30 and December 31. Each $1,000 bond is convertible into 40 shares of the Companys no par common stock. The 10.4% bonds

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