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20- Sen Corporation warrants carry the right to buy 8 shares of Sen common stock at $10.00 per share. The common stock has a current

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

  • $12.00
  • $13.50
  • $11.00
  • $0

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