Determine the value of warrants for issue

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"Gregg company recently issued two kinds of bonds. First issue consisted of 20 year straight (no warrants attached) bond with 8% annual coupon. Second issue consisted of 20m year bond with 6% annual option with warrants attached. Both bonds were issued at par ($1000). Determine the value of warrants for the second issue?"

Reference no: EM13100435

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