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QUESTION
ABC Corp issues convertible debt that will be settled upon conversion by delivering (1) cash up to the principal amount of the debt instrument and
ABC Corp issues convertible debt that will be settled upon conversion by delivering (1) cash up to the principal amount of the debt instrument and (2) net shares equal to any value due to the conversion option being in the money. ABC Corp's stock price is $85 at the date the convertible debt is issued.
The convertible debt has the following terms:
Principal amount
