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Business, 02.08.2019 06:00 TierraNicole6865

On april 1, 2017, rl enterprises issued $150,000 of 8% nonconvertible bonds at 104. bonds are due on march 31, 2037. each $1,000 bond was issued with 25 detachable stock warrants entitling the bondholder to purchase one share of common stock (par value $25) for $50. on the date of issue, fair value of the stock was $40 per share and fair value of the warrants was $2. if rl's bonds sell at 95 without the warrant, how much should rl record as paid-in capital from the warrants? a.$7,800 b.$613,500 c.$7.500 d.$15,000

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On april 1, 2017, rl enterprises issued $150,000 of 8% nonconvertible bonds at 104. bonds are due on...
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