Warrants The capital structure of Ricketti Enterprises, Inc., consists of 20 million shares of common stock and
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Warrants The capital structure of Ricketti Enterprises, Inc., consists of 20 million shares of common stock and 1.5 million warrants. Each warrant gives its owner the right to purchase one share of common stock for an exercise price of $19. The current stock price is $25, and each warrant is worth $7. What is the new stock price if all warrant holders decide to exercise today?
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Related Book For 
Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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