What is the value of each warrant

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Problem 1: Gamma intends to issue the following bond, each with 5 warrants attached to it: N=10, p/y=1 c/y=1 PMT= 40, FV=1000. If the prevailing market rate of interest is 6% what is the value of each warrant? Round your number to the nearest dollar

Reference no: EM132950088

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