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A bond has just been issued with 30 warrants attached. The bonds have a 25 year maturity and an annual coupon of 7%, and they
A bond has just been issued with 30 warrants attached. The bonds have a 25 year maturity and an annual coupon of 7%, and they were issued at their $1,000 par value. The current yield on similar straight bonds is 9%. What is the implies value of each warrant 5.46 5.81 5.93 6.21 6.55
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