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c. How would each of the following factors affect your estimates of the warrants' prices and premiums in part b? 1. The life of the

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c. How would each of the following factors affect your estimates of the warrants' prices and premiums in part b? 1. The life of the warrant is lehothenart 2. The expected variability (0n) in the stock's nfire -ancawnon? 3. The expected arowth rate in tha whase eno it Jends, henceforthit will pay out ail earnings as dividends. d. Assume that-Potter's stock now setts for $18 per share. The company wants to sell scme 20 - year, annual interest, $1,000 par value bonids. Eadi bond will have 25 warrants, and each warrant entitles the holder ta buy 1 - share of stock at a price of $21. Potter's straight debt yields 10%. Repardless of your answer to part b, assume that the warrants will have-a market value of $1.25 when the stock sells at $18. What annual dollar coupon must the company set on the bonds with warrants if they are to dear the market (i.e., the market is in equilbriam)? Do not round intermediate calculations. Round your answer to the nearest cent. 5 What annual cooponinterest rate mest the company set on the bonds with warrants it the bonds are to clear the market (i.e., the manket is in equitirium)? Do not tound intermesiate calculations. Pound your answer to two decimal places: c. How would each of the following factors affect your estimates of the warrants' prices and premiums in part b? 1. The life of the warrant is lehothenart 2. The expected variability (0n) in the stock's nfire -ancawnon? 3. The expected arowth rate in tha whase eno it Jends, henceforthit will pay out ail earnings as dividends. d. Assume that-Potter's stock now setts for $18 per share. The company wants to sell scme 20 - year, annual interest, $1,000 par value bonids. Eadi bond will have 25 warrants, and each warrant entitles the holder ta buy 1 - share of stock at a price of $21. Potter's straight debt yields 10%. Repardless of your answer to part b, assume that the warrants will have-a market value of $1.25 when the stock sells at $18. What annual dollar coupon must the company set on the bonds with warrants if they are to dear the market (i.e., the market is in equilbriam)? Do not round intermediate calculations. Round your answer to the nearest cent. 5 What annual cooponinterest rate mest the company set on the bonds with warrants it the bonds are to clear the market (i.e., the manket is in equitirium)? Do not tound intermesiate calculations. Pound your answer to two decimal places

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