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Marigold Corp. offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20 (at a time when the stock was
Marigold Corp. offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20 (at a time when the stock was selling for $32). The price paid for 900, $1,000 bonds with the warrants attached was $827000. The market price of the Marigold bonds without the warrants was $727000, and the market price of the warrants without the bonds was $89100. What amount should be allocated to the warrants?
A$107100
B$89100
C.$111600
D.$90290
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