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FINANCE HOMEWORK HELP
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Hi, If anyone can please help with this finance problem, I would appreciate it. ABC Company recently issued two types of bonds. The first issue consisted of 20-year straight (no warrants attached) bonds with 8 percent annual coupon. The second issue consisted of 20-year bonds with a 6 percent annual coupon with warrants attached. Both bonds were issued at par ($1,000). What is the value of the warrants that were attached to the second issue? |
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PV and Effective Annual Rate Problem
by crystal, 2004, Feb 23
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