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Global Publishing Co. issued 500, $1000 bonds for $515,000. Each bond comes with 1 detachable warrant that allows the holder to buy one share of

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Global Publishing Co. issued 500, $1000 bonds for $515,000. Each bond comes with 1 detachable warrant that allows the holder to buy one share of the company's $20 par value common stock for $105 a share. Right after issuance, the bonds, without the warrants, traded at 96. The warrants, without the bonds, traded at $40 each. How muc of the issuance price should be allocated to the bonds

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