13.7. (a) Cost of warrant kicker = 2.63 1 million = $2.63 million. (b) The all-in...

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13.7.

(a) Cost of warrant kicker = 2.63 × 1 million = $2.63 million.

(b) The all-in cost (AIC) of the debt plus warrant package is 13.9% versus the AIC of the straight debt issue that is 13.1%.

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