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Warren Corporation's stock sells for $42/share. The company wants to sell some 20-year annual interest, $1000 par value bonds. Each bond would have 75 warrants attached to it, each exercisable into 1 share of stock at an exercise price of $47. The firm's straight bonds yield 10%. each warrant is expected to have a market value of $2.00 given that the stock sells for $42. What coupon interest amount must the company set on the bonds in order to sell the bonds-with-warrants at par?
a) 7.83%
b) 8.24%
c) 8.65%
d) 9.08%
e) 9.54%
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George's grandmother promises to give him $1,000 at the end of each of the next five years. How much is the money worth today, assuming George could invest the money and earna 6% annual rate of return? (Round to the nearest dollar).
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Compute the price of the bond
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Which of the following forms is typically given to employees at the end of the calendar year so that employees can file their individual income tax forms?
Do you agree or disagree with Dolly wood's policy concerning recognition of bad debt expense?
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