Business, 02.07.2019 03:10 topangabraith
Ray corp. issued bonds with a face amount of $200,000. each $1,000 bond contained detachable stock warrants for 100 shares of ray's common stock. total proceeds from the issue amounted to $240,000. the market value of each warrant was $2, and the market value of the bonds without the warrants was $196,000. the bonds were issued at a discount of (rounding the allocation percentage to two decimal places): a. $ 0b. $ 800c. $ 4,000d. $33,898
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Ray corp. issued bonds with a face amount of $200,000. each $1,000 bond contained detachable stock w...
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