What is the implied value of the warrants attached to each


Connor company recently issue two types of bonds. The first issue consisted of 10-year straight debt with a 6% annual coupon. The second issue consisited of 10 year bonds with a 4.5% annual coupon and attached warrants. Both issues sold at their $100 par values. What is the implied value of the warrants attached to each bond?

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Financial Management: What is the implied value of the warrants attached to each
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