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Question 9 4 pts On July 22, 2020, Floor Corp. sold $2,500,000, 20-year, 8% bonds for $2.720,000. Each $1,000 bond has two detachable warrants, each
Question 9 4 pts On July 22, 2020, Floor Corp. sold $2,500,000, 20-year, 8% bonds for $2.720,000. Each $1,000 bond has two detachable warrants, each of which permits the purchase of one share of the corporation's common stock for $30. The stock has a par value of $25 per share. Immediately after the sale of the bonds, the corporation's securities had the following market values: 8% bonds without warrants Warrants Common Stock $1,026 $27 $28 On November 1, 2020, all the warrants were exercised. What amount would be credited to Common Stock on that date? $161,000 $125,000 $150,000 $62.500
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