Triptych Food Corp. is issuing new 17-year bonds with 29 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 12.60% coupon rate. Instead, the attached warrants allow Triptych Food Corp. to issue the bonds at par with a 7.56% coupon.

What is the straight value of the bond?

What is the value of each warrant?