Sheffield Corp. offered detachable 5-year warrants to buy one share of common stock (par value $5) at $20 (at a time when the stock was selling for $32). The price paid for 800, $1,000 bonds with the warrants attached was $814000. The market price of the Sheffield bonds without the warrants was $723000, and the market price of the warrants without the bonds was $72300. What amount should be allocated to the warrants? $72300 $88300 $92300 $74000

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Warrants