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Z Inc. issues $8,000,000 of bonds with a coupon rate of 9%. To help the sale, detachable stock warrants are issued at the rate of

Z Inc. issues $8,000,000 of bonds with a coupon rate of 9%. To help the sale, detachable stock warrants are issued at the rate of ten warrants for each $2,000 bond sold. It is estimated that the value...

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