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A warrant is aftached to a $1,000 pat, 10 percent, 10 -year bond, paying annual interest and having 20 warrants attached for the purchase of

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A warrant is aftached to a $1,000 pat, 10 percent, 10 -year bond, paying annual interest and having 20 warrants attached for the purchase of a firm's atock. The bonds were initialy sold for $1,120 When issued, similar risk straight bonds were selting at a 14 percent rate of reburn. The impled price of the warrant is A. $16.43 B. $2040 C. $10.00 D. $20.00

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