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On May 1, 2025, Sandhill Co. issued $1610000 of 6% bonds at 104. The bonds are due on April 30,2031 . Twenty detachable stock warrants
On May 1, 2025, Sandhill Co. issued $1610000 of 6% bonds at 104. The bonds are due on April 30,2031 . Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Sandhill's common stock, $15 par value, were attached to each $1000 bond. The bonds without the warrants would sell at 96 . On May 1, 2025, the fair value of Sandhill's common stock was $35 per share and of the warrants was $2. On May 1, 2025, Sandhill should credit Paid-in Capital from Stock Warrants for $62776. $66976. $64400. $128800
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