Bonds with attached warrants are frequently issued:
A. at a greatly discounted price.
B. with very low coupons.
C. with an attached share of common stock.
D. with a share purchase price set equal to the market price minus the stock’s par value at time of purchase.
E. with an attached share of preferred stock.
2. Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $520,000, Accounts receivable = $720,000, Inventory = $420,000, Accrued wages and taxes = $42,000, Accounts payable = $120,000, and Notes payable = $920,000. What is Cypress's net working capital?
$2,742,000
$1,660,000
$1,082,000
$578,000