Corporate bonds that can be exchanged for common stock in the issuing company are known as convertible bonds.
In order to delay dilution and reduce the coupon rate on debt, businesses issue convertible bonds.
What is the debt's carrying value over time when bonds are issued at a premium?
The carrying value of a bond is greater than its face value when it is issued at a premium.The carrying value of a bond is lower than its face value when it is issued at a discount.The carrying value of a bond is the same as its face value when it is issued at par.
Learn more about bonds here:
https://brainly.com/question/25965295
#SPJ4
