Question: On March 1 , 2 0 2 4 E Corporation issued $ 1 . 0 0 0 . 0 0 0 of 1 0

On March 1,2024E Corporation issued \$1.000.000 of 10% nonconvertible bonds at 104, due on February 28,2034. Each $1,000 bond was issued with 43 detachable stock warrants, each of which entitled the holder to purchase, for $60, one share of E Corporation $30 par common stockOn March 12024, the market price of each warrant was $5. By what amount should the bond issue proceeds increase shareholders' equity? Choice $43,000 $ 0 $215,000 $172,000

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