On May 1, 2025,Oriole Co, issued $1440000 of 8% bonds at 103. The bonds are due on
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On May 1, 2025,Oriole Co, issued $1440000 of 8% bonds at 103. The bonds are due on April 30,2031. 20 detachable stock warrants entitling the holder to purchase fo $40 one share of Orioles common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrant s would sell at 96. On May 1, 2025, the fair value of Orioles common stock was $35 per share and the warrant was $2. On May 1 2025, Oriole will record a
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