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QUESTION 10 10 points Upstate Water Company just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon

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QUESTION 10 10 points Upstate Water Company just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon of 11%, and they were issued at their $1,000 par value. The current yield on similar straight bonds is 16%. What is the implied value of each warrant? Arial 3 (12pt) . TTTT Paragraph %DOQO fx Mashups - TT. HE HTML CSS

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