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15. Sen Corporation warrants carry the right to buy 8 shares of Sen common stock at $11 per share... Sen Corporation warrants carry the right

15. Sen Corporation warrants carry the right to buy 8 shares of Sen common stock at $11 per share...

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Sen Corporation warrants carry the right to buy 8 shares of Sen common stock at $11.00 per share. The common stock has a current market price of $12.25 per share. The intrinsic or minimum value of one Sen warrant is (Round your answer to 2 decimal places.) $5.00 $11.50 O $10.00

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