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A company is planning to issue a bond with 30 warrants attached to it. The bond has 10 years maturity and its annual coupon rate
A company is planning to issue a bond with 30 warrants attached to it. The bond has 10 years maturity and its annual coupon rate is 4% paid semi-annually. If each warrant worth $1 and the annual yield to maturity of this bond is 7.5%, how much could this company raise for every bond issued?
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