Mountain Excursions issues bonds due in 10 years with a stated interest rate of 13% and a face value of $180,000. Interest payments are made semi-annually. The market rate for this type of bond is 14%. Using a financial calculator or Excel, calculate the issue price of the bonds.

• A) $180,000.

• B) $109,582.

• C) $190,323.

• D) $170,465.

On March 1, 2021, E Corp. issued $1,000,000 of 10% nonconvertible bonds at 103, due on February 28, 2031. Each $1,000 bond was issued with 34 detachable stock warrants, each of which entitled the holder to purchase, for $50, one share of Evan's $25 par common stock. On March 1, 2021, the market price of each warrant was $6. By what amount should the bond issue proceeds increase shareholders equity?

• a) $204,000.

• b) $170,000.

• c) $0.

• d) $34,000.