A company recently issued bonds with attached warrants. The bond-plus-warrants package sells at a price equal to its $1,000 face value. The bonds mature in 10 years and have a 6% annual coupon. The company also has 10-year straight debt (with no warrants attached) outstanding. The straight debt has a yield to maturity of 8%.

What is the straight-debt value of each bond? What is the value of the warrants attached to each bond?