Shanton Corporation could issue 15-year straight debt at a rate of 8%. Instead, Shanton issues 15-year debt
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Shanton Corporation could issue 15-year straight debt at a rate of 8%. Instead, Shanton issues 15-year debt with a coupon rate of 6%, but each bond has 25 warrants attached. The bonds can be issued at par ($1,000 per bond). Assuming annual interest payments, what is the implied value of each warrant? ($6.85)pg.12
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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