Current Attempt in Progress

Vaughn Inc. has decided to raise additional capital by issuing $$185,000$ face value of bonds with a coupon rate of $10\%.$ In discussions

with investment bankers, it was determined that to help the sale of the bonds, detachable stock watrants should be issued at the rate

of one warrant for each $$100$ bond sold. The value of the bonds without the warrants is considered to be $$126,400,$ and the value of

the warrants in the market is $$31,600.$ The bonds sold in the market at issuance for $$150,000.$