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Nugent Company issued 2,000 $1,000 bonds at 103. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Nugent's

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Nugent Company issued 2,000 $1,000 bonds at 103. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Nugent's common stock for $50. Immediately after the issue, the warrants were selling for $4 each and the bonds without the warrants were selling for $986. Approximately how much will be credited to Additional Paid-in Capital-Stock Warrants? $154,597 $160,000 None of these is correct $60,000 $0

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