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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 0.11 market rate for a 10-yr, $1,000 bond. If the same firm sold these bonds with a 10 warrants attached where each warrant enables its holder to buy 5 share(s) of the firm, the rate on the bond would be 0.07. 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 $1.468, enter 1.47

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