13.5 Notsoblue Chip Corp. wants to issue $50 million of 10-year debt on March 3, 2007. The bonds will be issued at par with 8% annual coupon interest (50,000 bonds of $1,000 par value each, with principal to be repaid in year 10). Notsoblue is willing to attach warrants to the bonds to raise the effective yield to 14%, the yield required by the market on this type