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on january 1 , 2 0 0 5 , the knowshon moreno company issued 2 0 0 , 0 0 0 bonds, each bond with
on january the knowshon moreno company issued bonds, each bond with a face value of $ these moreno bonds sold for $ each $ bond comes with one detachable warrant to purchase one share of moreno common stock par value for $ at the time the bonds and warrants were issued, each share of moreno's common stock was selling for $ investment bankers estimate the value of each warrant to be $ it is determined that the bonds, if sold without the warrants, would sell for $
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