Question: View Policies Current Attempt in Progress On March 1, 2021, Marigold Corp. issued $2060000 of 7% nonconvertible bonds at 105, which are due on

View Policies Current Attempt in Progress On March 1, 2021, Marigold Corp.

View Policies Current Attempt in Progress On March 1, 2021, Marigold Corp. issued $2060000 of 7% nonconvertible bonds at 105, which 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 for $50 one share of Marigold common stock, par value $25. The bonds without the warrants would normally sell at 95. On March 1, 2021, the fair value of Marigold's common stock was $40 per share and the fair value of the warrants was $2. What amount should Marigold record on March 1, 2021 as paid-in capital from stock warrants? $77750 $89350 $103000 $108150

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