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Warrants Attached to Bonds

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Sandi 1 Company recently issued two types of bonds. The first issue consisted of 20-year straight debt with an 8% annual coupon. The second issue consisted of 20-year with bonds a 6% annual coupon and attached warrants. Both issues sold at their $1000 par value. What is the implied value of the warrants attached to each bond?

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This solutions contains an explanation on how to calculate warrants attached to each bond

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