Question: On December 1 , 2 0 2 5 , Lester Company issued 8 0 0 of its 9 % , $ 1 , 0 0

On December 1,2025, Lester Company issued 800 of its 9%, $1,000 bonds at 103. Each bond included one detachable stock warrant entitling the holder to purchase 10 shares of Lester's common stock. On December 1,2025, the market value of the bonds without the stock warrants was 95 and the market value of each stock warrant was $50. The initial carrying value of the bonds payable at the date of issuance would be
$774,560.
$800,000.
$824,000.
$782,800.
On December 1 , 2 0 2 5 , Lester Company issued 8

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