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What is the proper entry for this transition

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Question - Gomez company issues $9,000,000 of bonds with a coupon rate of 8%. To help the sale, detachable stock warrants are issued at the rate of ten warrant for each $1,000 bond sold. It is estimated that the value of the bonds without the warrants is $8,883,000 and the value of the warrants is $567,000. The bond with the warrant sold at 101. What is the proper entry for this transition?

Reference no: EM132524024

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