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Neubert Enterprises recently issued $ 1 , 0 0 0 par value 1 5 - year bonds with a 6 % coupon paid annually and
Neubert Enterprises recently issued $ par value year bonds with a coupon paid annually and warrants attached. These bonds are currently trading for $ Neubert also has outstanding $ par value year straight debt with an coupon paid annually, also trading for $ What is the implied value of the warrants attached to each bond? Do not round intermediate calculations. Round your answer to the nearest cent.
$
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