Question: On March 1 , 2 0 2 5 , Pharoah Corporation issued $ 1 9 5 0 0 0 0 of 9 % nonconvertible bonds

On March 1,2025, Pharoah Corporation issued $1950000 of 9% nonconvertible bonds at 104. The bonds are due on February 28,2041. In addition, each $1000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one share of Pharoah's $25 par value common stock for $50. The bonds without the warrants would sell at 95. On March 1,2025, the fair value of Pharoah's common stock was $40 per share and the fair value of the warrants was $2 per stock warrant. What amount should Pharoah record on March 1,2025 as paid-in capital from stock warrants?
On March 1,2025, Pharoah Corporation issued $1950000 of 9% nonconvertible bonds

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