The warrants of Integra Life Sciences allow the holder to buy a share of stock at $13.75
Question:
The warrants of Integra Life Sciences allow the holder to buy a share of stock at $13.75 and are selling for $3.95. The stock price is currently $12.50. To what price must the stock go for the warrant purchaser to at least be assured of breaking even?
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The stock price must go to 1770 At that ...View the full answer
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Related Book For 
Foundations Of Financial Management
ISBN: 9781264097623
18th Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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