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Maese Industries Inc. has warrants outstanding that permit the holders to purchase 1 share of stock per warrant at a price of $29. a. Calculate

Maese Industries Inc. has warrants outstanding that permit the holders to purchase 1 share of stock per warrant at a price of $29. a. Calculate the exercise value of a warrant at each of the following common stock prices: (1) $20,(2)$25,(3)$30,(4)$100. (Hint: A warrant's exercise value is the difference between the stock price and the purchase price specified by the warrant if the warrant were to be exercised.) If your answer is zero, enter " 0 ". Round your answers to the nearest dollar. (1) $20 $ (2) $25$ (3) $30$ (4) $100$ b. Assume the firm's stock now sells for $20 per share. The company wants to sell some 20 -year, $1,000 par value bonds with interest paid annually. Each bond will have attached 100 warrants

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