A warrant is attached to a $1,000 par, 10 percent, 10-year bond, paying annual interest and having 20 warrants attached for the purchase of a firm's stock. The bonds were initially sold for $1,200. When issued, similar risk, straight bonds were selling at a 14 percent rate of return. The implied price of the warrant is ________.

A) $10.40
B) $20.40
C) $10.00
D) $20.00


B) $20.40

Business

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Most U.S. families save less than 6% of their disposable incomes

Indicate whether the statement is true or false.

Business

Daisy, an employee of BSI, approaches Emily, VP of Human Resources, requesting that she be allowed to conduct a Bible study group thirty minutes per day after lunch, that she be permitted to advertise these meetings widely so that all interested

employees could attend, and that she be permitted to include a religious tract in all new-hire orientation packets, along with an invitation to join the religious group meetings. Must the employer support her efforts under either Title VII or the Constitution? Could the employer be liable if it did?

Business

Although not required, lawyers are encouraged to provide ___________________.

Fill in the blank(s) with the appropriate word(s).

Business

What is the difference between an intermediate cost center and a final cost center?

What will be an ideal response?

Business