Open spreadsheet (1) $20 \$ (2) 25$ (3) 30$ (4) 100$ Coupon interest rate: % Dollar coupon: $ Warrants ExercisepriceCurrentstockprice$21$20 Annual Coupon Bond Issue With Warrants: \begin{tabular}{lr} Length of maturity (in years) & 20 \\ \hline Par value & $1,000 \\ \hline Number of warrants attached to one bond & 100 \\ Yield on annual bonds with no warrants & 12% \\ \hline Market value of each warrant & $3.25 \end{tabular} Calculation of Exercise Value of Warrants at Different Stock Prices: \begin{tabular}{rrr|c} Stock Price & Exercise Price & ExerciseValue & Formulas \\ \hline$20 & $21 & & #N/A \\ $25 & $21 & #N/A \\ $30 & $21 & #N/A \\ $100 & $21 & #N/A \end{tabular} Calculate dollar coupon payment and interest rate on bond with warrants to clear the market: Formulas Value of the bond, VB #N/A Coupon interest rate on bond Dollar coupon payment on bond \#N/A