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7 on july 1 2010 ruby red issued 60000 stock warrants

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Unformatted text preview: ctive rate of 8%. As of Jan. 1, 2010 the bonds have $40,000 of the initial discount unamortized. Each $1,000 of face value is convertible into 25 shares of common stock at the option of the holder. Ruby Red uses the effective interest method of amortization for these bonds. 6. 40,000 stock warrants (Options A) have been outstanding all year. Each warrant allows the holder to purchase...
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