ABC Co. issued 300, $1,000 bonds with detachable warrants were sold at 105. Each warrant allows the holder to buy one share of $5 par common stock at a price of $15. The market price for common stock at the time of issue was $18. The market price of ABCs bonds without the warrant was 98, and the market price of the warrants without the bonds was $25 each. What amount should be allocated to the warrants?