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1. Fox Co. issued $10,000,000 of bonds at 102. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of
1.Fox Co. issued $10,000,000 of bonds at 102. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Owl's common stock for $55. Immediately after the issue, the bonds without the warrants were selling for $1,005. The stock warrants had no readily determinable value. How much will be credited to Paid-in CapitalStock Warrants?
A) $0B) $150,000C) $75,000D) $100,000
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