ABC issued bonds with a face amount of $20000. • Each $1000 bond contained detachable stock warrants for 100 shares of A
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ABC issued bonds with a face amount of $20000. • Each $1000 bond contained detachable stock warrants for 100 shares of A
ABC issued bonds with a face amount of $20000. • Each $1000 bond contained detachable stock warrants for 100 shares of ABC's common stock. • Total proceeds from the issue amounted to $24015.37. • The market value of each warrant was $3, and the market value of each bonds without the warrants was $950. a. Value allocated to the bonds: b. Val allocated to the warrants: