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1 points QUESTION 2 1. Vernon Corporation offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20. The price
1 points QUESTION 2 1. Vernon Corporation offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20. The price paid for 800, $1,000 bonds with the warrants attached was $820,000. The market price of the Vernon bonds without the warrants was $720,000, and the market price of the warrants without the bonds was $80,000. What amount should be allocated to the warrants? $85,000 $96,000 $82,000 $100,000
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