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6. Ella Co. is selling a 15-year 5 points coupon bond with 25 warrants attached. The annual coupon payment is 10% and the bond is

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6. Ella Co. is selling a 15-year 5 points coupon bond with 25 warrants attached. The annual coupon payment is 10% and the bond is issued at par. Assume that the current yield on a similar straight bond is 13%. What is the value of each warrant? * $5.51 $6.23 O $6.87 O $7.75 None of the above

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