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Warrants Newhouse Enterprises recently issued two types of bonds. The first issue consisted of 15 -year straight debt with a 7% annual coupon. The second
Warrants Newhouse Enterprises recently issued two types of bonds. The first issue consisted of 15 -year straight debt with a 7% annual coupon. The second issue consisted of 15 -year bonds with a 5% annual coupon and attached warrants. Both issues sold at their $1,000 par values. What is the implied value of the warrants attached to each bond? Value of warrants =
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