Multiple Choice Question 58 Waterway Industries 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 800, $1,000 bonds with the warrants attached was $825000. The market price of the Waterway bonds without the warrants was $728000, and the market price of the warrants without the bonds was $87600. What amount should be allocated to the warrants? O $87600 o $103600 O $107600 O $88610