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Langdon & Co. issues binds with a face value of $50,000 for $51,000. Each $1,000...

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Accounting

Langdon & Co. issues binds with a face value of $50,000 for $51,000. Each $1,000 bond Carrie's 10 warrants, and each warrant allows the holder to acquire one share of $1 per common stick for $49 per share. Immediately after the issuance, the bonds are quoted at 99 ex rights and the warrants are quoted at $5 each. Calculate the value to be assigned to the bonds and to the warrants. Round your answers to the two decimal places.

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