Question
Mark Labs. Issued 100 bonds, $100 par, each with a detachable stock warrants. Each warrant maybe exercised to purchase 1 share of $100 par common
Mark Labs. Issued 100 bonds, $100 par, each with a detachable stock warrants. Each warrant
maybe exercised to purchase 1 share of $100 par common stock. THE TOTAL SELLING
PRICE IS THE PAR OF $10,000. At the time of the sale, the market value of the bonds (without
the warrants) is 102, while the market value of each warrants is $30.
REQUIRED: Allocate the $10,000 between the Bonds and the Warrants
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Political Standards
Authors: Karthik Ramanna
1st Edition
022652809X, 9780226528090
