on september 1 2014 sands company sold at 104 plus accured interest 4,000 of its 9% , 10 year $1000 face value , nonconvertible bonds with detachable stock warrants. each bond carried two detachable warrants , each warrant was for one share of common stock at a specified option price of $15 per share. shortly after issuance, the warrants were quoted on the market for $3 each. no fair value can be determined for the sands company bonds..intrest is payable on 12/1 and 6/1