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Rubash Company recently issued two types of bonds. The first issue consisted of 20-year straight (no...

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Finance

Rubash Company recently issued two types of bonds. The firstissue consisted of 20-year straight (no warrants attached) bondswith an 5% annual coupon. The second issue consisted of 20-yearbonds with a 2% annual coupon with warrants attached. Both bondswere issued at par ($1,000). What is the value of the warrants thatwere attached to the second issue? Do not round intermediatecalculations. Round your answer to the nearest cent.

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