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On March 1, 2018, E Corp. issued $1,300,000 of 8% nonconvertible bonds at 103, due on February 28, 2028. Each $1.000 bond was issued with
On March 1, 2018, E Corp. issued $1,300,000 of 8% nonconvertible bonds at 103, due on February 28, 2028. Each $1.000 bond was issued with 50 detachable stock warrants, each of which entitled the holder to purchase, for $60, one share of Evan's $45 par common stock. On March 1. 2018. the market price of each warrant was $3. By what amount should the bond issue proceeds increase shareholders equity? Multiple Choice o so. O $195,000 O $39.000 O $251.000
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