Valued Amount for Warrants Assignment
February 25th, 2020
Webster University sold bonds with a 25-year maturity, paying an annual coupon rate of 10% that come with 20 warrants attached to each bond. These bonds were issued at $1,000 par value. Currently in the market, bonds similar to the ones that Webster University sold are yielding 12%. What would be the valued amount for the warrants that Webster University’s issued?
$5.96 $6.46 $6.94 $7.42 $7.84. Get Finance homework help today