On July 1, 2016, A Corp sells $400,000 13% bonds at 106. Each $1,000 bond carries 15 warrants, and each warrant allows the holder to acquire one share of $10 par value common stock for $25 per share. Immediately following the issuance of the securities, the bonds are quoted at 101 ex rights, and the warrants are quoted at $3.50 each.

note: do not round allocation % during calculation.

What value should be assigned to paid-in-capital: stock warrants on the date of issuance?

		$22,039.62
		$24,000.00
		$20,950.59
		$21,000.00