Triptych Food Corp. is issuing new 13-year bonds with 25 warrants attached to each $1,000 par value bond. Triptych Food Corp. wanted to issue the bonds at par, but a straight-debt bond without warrants) would have required a 10.80% coupon rate. Instead, the attached warrants allow Triptych Food Corp. to issue the bonds at par with a 6.48% coupon. Select the straight value of the bond and the value of each warrant in the following table. (Note: Assume that the company pays annual coupons.) Value What is the straight value of the bond? What is the value of each warrant? The consensus opinion of analysts is that Triptych Food Corp. undervalued the warrants that it attached to its bonds. According to the analysts, is the coupon rate on Triptych Food Corp.'s bonds too high or too low? Too high O Too low Consider the following statement about warrants: Warrants combined with debt instruments that can be removed by the holder and sold in the secondary markets separately are called detachable warrants. True or False: O False O True