On April 7, 2012, Kegin Corporation sold a $2,000,000, twenty-year, 8 percent bond issue for $2,120,000.Each $1,000 bond has two detachable warrants, each of which permits the purchase of one share of the corporation's ordinary shares for $30.The shares have a par value of $25 per share.Immediately after the sale of the bonds, the corporation's securities had the following fair values:

Question

On April 7, 2012, Kegin Corporation sold a $2,000,000, twenty-year, 8 percent bond issue for $2,120,000.Each $1,000 bond has two detachable warrants, each of which permits the purchase of one share of the corporation's ordinary shares for $30.The shares have a par value of $25 per share.Immediately after the sale of the bonds, the corporation's securities had the following fair values:
On April 7, 2012, Kegin Corporation sold a $2,000,000, twenty-year, 8 percent bond issue for $2,120,000.Each $1,000 bond has two detachable warrants, each of which permits the purchase of one share of the corporation's ordinary shares for $30.The shares have a par value of $25 per share.Immediately after the sale of the bonds, the corporation's securities had the following fair values:

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The Answer of On April 7, 2012, Kegin Corporation sold a $2,000,000, twenty-year, 8 percent bond issue for $2,120,000.Each $1,000 bond has two detachable warrants, each of which permits the purchase of one share of the corporation's ordinary shares for $30.The shares have a par value of $25 per share.Immediately after the sale of the bonds, the corporation's securities had the following fair values:

On April 7, 2012, Kegin Corporation Sold a $2,000,000, Twenty-Year