On July 1, 2021 Tyrion Corporation issued 2,000,000 of 7% bonds payable in 10 years. The bonds
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On July 1, 2021 Tyrion Corporation issued 2,000,000 of 7% bonds payable in 10 years. The bonds pay interest semiannually. Each 1,000 bond includes a detachable stock purchase right. Each right gives the bondholder the option to purchase for P30, one share of P1 par value common stock at any time during the next 10 years. The bonds were sold for 2,000,000. The value of the stock purchase rights at the time of issuance was 100,000.
1.How many warrants were issued?
2.If the bondholder will exercise all his rights, the additional paid-in capital will be
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