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On May 1, 2021. Vaughn Manufacturing issued $1630000 of 8% bonds at 102, which are due on April 30, 2031. Twenty detachable stock warrants entitling

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On May 1, 2021. Vaughn Manufacturing issued $1630000 of 8% bonds at 102, which are due on April 30, 2031. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Vaughn's common stock. $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2021, the fair value of Vaughn's common stock was $35 per share and of the warrants was $2. On May 1, 2021. Vaughn should record the bonds with a O discount of $33904 discount of $16300 O discount of $65200 O premium of $48900 Save for Later Attempts of 1 used SubA

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