Global Publishing Co. issued 300, $1000 bonds for $305,000. Each bond comes with 1 detachable warrant that allows the holder to buy one share of the companys $20 par value common stock for $105 a share. Right after issuance, the bonds, without the warrants, traded at 95. How much of the issuance price should be allocated to the warrants?

A. $31,500 B. $30,500 C. $20,000. D. $6,100 The answer is C. How do I get to the answer?