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+ Roaster Company issued bonds with detachable stock warrants. Each warrant granted an option to buy one share of $40 par value common stock for

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+ Roaster Company issued bonds with detachable stock warrants. Each warrant granted an option to buy one share of $40 par value common stock for $75 per share. Five hundred warrants were originally issued, and $4,000 was appropriately credited to warrants. It 90% ON nese warrants are exercised when the market price of the common stock is $85 per Share, how much should be credited to capital in excess of par on this transaction

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