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Question - Fox Co. issued $10,000,000 of bonds at 102. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Fox's common stock for $55. Immediately after the issue, the bonds without the warrants were selling for $1,005. The stock warrants had no readily determinable value. How much will be credited to Paid-in Capital-Stock Warrants?
a. $75,000
b. $100,000
c. $0
d. $150,000
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