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Northeast Castparts Inc. just sold annual coupon bond with par value $1,000, coupon rate 5%, and 6 years until maturity. The current market rate of

Northeast Castparts Inc. just sold annual coupon bond with par value $1,000, coupon rate 5%, and 6 years until maturity. The current market rate of interest is 10%. Investors also received one warrant with each bond, and investors paid par value for the bond and warrant package. What is the implicit/implied value of the warrant in the bond and warrant package? Round final answer to the nearest penny, no negative signs.

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