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urgent 2544 Bramble Corp. offered detachable 5-year warrants to buy one share of common stock (par value 55 ) at 520 (at a time when
urgent 2544
Bramble Corp. offered detachable 5-year warrants to buy one share of common stock (par value 55 ) at 520 (at a time when the scock was selling for $34). The price paid for 900,$1,000 bonds with the warrants attached was $817000. The market price of the Bramble bonds without the warrants was $714000, and the market price of the warrants without the bonds was $85400. What amount should be allocated to the warrants? $85400 $87280 $103400 $107900 Bramble Corp. offered detachable 5-year warrants to buy one share of common stock (par value 55 ) at 520 (at a time when the scock was selling for $34). The price paid for 900,$1,000 bonds with the warrants attached was $817000. The market price of the Bramble bonds without the warrants was $714000, and the market price of the warrants without the bonds was $85400. What amount should be allocated to the warrants? $85400 $87280 $103400 $107900 Step by Step Solution
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