What is the implied value of the warrants

Reference no: EM13298489

Greeg Company recently issued two types of bonds. The first issue cosisted of a 20 year straight debt with an 8% coupon paid annually. The second issue consisted of a 20 year bonds with a 6% coupon paid annually and attached warrants. Both issues sold at their $1,000 par values. What is the implied value of the warrants attached to each bond?

Reference no: EM13298489

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