Business, 21.08.2020 15:01 dezmarcus

On January 1, 2019, Langdon & Co. issues bonds with a face value of $50,000 for $51,000. Each $1,000 bond carries 10 warrants, and each warrant allows the holder to acquire one share of $1 par common stock for $40 per share. Immediately after the issuance, the bonds are quoted at 99 ex rights and the warrants are quoted at $5 each. Calculate the value to be assigned to the bonds and to the warrants.

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On January 1, 2019, Langdon & Co. issues bonds with a face value of $50,000 for $51,000. Each $1...

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