ABC issued bonds with a face amount of $20000. • Each $1000 bond contained detachable stock warrants for 100 shares of A
Posted: Tue Jul 05, 2022 11:22 am
- Abc Issued Bonds With A Face Amount Of 20000 Each 1000 Bond Contained Detachable Stock Warrants For 100 Shares Of A 1 (37.87 KiB) Viewed 12 times
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: