Waterway Corporation issued

$1$

$,$

$8$

$0$

$0$

$

$1$

$,$

$0$

$0$

$0$

$$bonds at

$1$

$0$

$3$

$.$

$$Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at

$9$

$9$

$,$

$$and the warrants had a market price of $

$4$

$0$

$.$