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A firm has a 0 . 1 1 market rate for a 1 0 - yr , $ 1 , 0 0 0 bond. If
A firm has a market rate for a yr $ bond. If the same firm sold these bonds with a warrants attached where each warrant enables its holder to buy shares of the firm, the rate on the bond would be How much has the market priced a warrant to buy this firm's stock?
NOTE: Enter your answer with two decimal places and no dollar sign. If your answer is $ enter
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