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In 1981, MCI changed their financial policy from issuing convertible preferred stock to convertible bonds. They issued convertible bonds in 1981, 1982, and 1983 raising $100, $250, and $400 million respectively. MCI was able to convert the bonds issued in 1981 to common stock in 1983 and they were able to convert the bonds issued in 1982 to common stock in that same year...
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MCI was able to convert the bonds issued in 1981 to common stock in 1983 and they were able to convert the bonds issued in 1982 to common stock in that same year.
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