Question: Knowledge Check 0 1 Boyd Corporetion issued $ 1 , 5 0 0 , 0 0 0 of 9 8 nonconvertibie bonds at 1 0

Knowledge Check 01
Boyd Corporetion issued $1,500,000 of 98 nonconvertibie bonds at 107, due in 10 years. Each $1000 bond was issued wet detnchwble stock worrants, each of which enttied the hobler to purchase, for $70, one share of Boyd's $40 par common stc market price of each warrant was $7. How much of the proceeds should be allocated to the warrants issued?
Knowledge Check 0 1 Boyd Corporetion issued $ 1 ,

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