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There are 30 warrants attached to each bond which have a

Question - Thomson Engineering is issuing new 30-year bonds that have warrants attached. If not for the attached warrants, the bonds would carry an 11% annual interest rate. However, with the warrants attached the bonds will pay an 8% annual coupon. There are 30 warrants attached to each bond, which have a par value of $1,000. What is the value of the straight-debt portion of the bonds?

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Accounting Basics: There are 30 warrants attached to each bond which have a

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Accounting Basics: There are 30 warrants attached to each bond which have a

Reference No:- TGS02895960

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