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On March 1, 2023, Dooley Company issued $11 million of 5 -year, 9% bonds at 109 . Each $1,000 bond was issued with 30 detachable

image text in transcribed On March 1, 2023, Dooley Company issued $11 million of 5 -year, 9% bonds at 109 . Each $1,000 bond was issued with 30 detachable stock warrants, each of which entitled the bondholder to purchase, for $49, one share of Dooley's no par common stock. On March 1, 2023, the market value of each warrant was $5.00. By what amount should Dooley's shareholders' equity increase when the bonds are issued? [5 points] $359,700 $1,650,000 $330,000 $11,000,000 $11,000

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