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A firm has 3000 shares of stock and 300 warrants outstanding. The warrant are about to expire , and all of them will be exercised.

A firm has 3000 shares of stock and 300 warrants outstanding. The warrant are about to expire , and all of them will be exercised. The market value of the firm's assets is 15,000 and the firm has no debt. Each warrant gives the owner the right to buy 1 share at 6 . What is the warrants effective exercise price?

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