Spandust Industries Inc. is issuing new 9-year bonds with 21 warrants attached to each $1,000 par value bond. Spandust Industries Inc. wanted to issue the bonds at par, but a straight-debt bond (without warrants) would have required a 11.20% coupon rate. Instead, the attached warrants allow Spandust Industries Inc. to issue the bonds at par with a 6.72% coupon. Calculate the staight value of the bond and the value of each warrant in the following table. (Note: Assume that the company pays annual coupons.) Spandust Industries. Inc. is issuing new 9-year bonds with 21 warrants attached to each $1,000 par value bond. Spandust Industries Inc. wanted to issue the bonds at par, but a straight-debt bond (without warrants) would have required a 11.20% coupon rate. Instead, the attached warrants allow Spandust Industries Inc. to issue the bonds at par with a 6.72% coupon. Calculate the straight value of the bond and the value of each warrant in the following table. (Note: Assume that the company pays annual coupons.)