What is implied value of warrants attached to each bond

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Reference no: EM131309743

A company recently issued two types of bonds. The first one consisted of 10-year straight debt with an 6% coupon paid annually. The second consisted of 10-year bonds with a 4.5% coupon paid annually and attached warrants. Both issues sold at their $1,000 par values. What is the implied value of the warrants attached to each bond?

Reference no: EM131309743

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