求一道convertible loan 题的会计处理

F7的真题，关于convertible loan
on 1 Apr. 2006 ,an 8% convertible loan with a nominal value of $600.000 was issued at par,it's redeemable on 31 Mm=ar. 2010 at par or it may be converted into wquity shares of the company on the basis of

100new shares for each $200 of loan note.an equilvalent koan without the conversion option would have carried an interest rate of 10%.interest of $48.000 has been paid on the loan and charged as finance cost
the present value of $1 receivable at the end of each year ,based on the discount rates of 8% and 10% are:
                                          8%                10%
End year 1                                0.93              0.91
         2                                0.86              0.83
         3                                0.79              0.75
         4                                0.73              0.68
请问如何处理

请各位不吝赐教呀

各位，请教呀