Question
ABC Inc. has 116,905 shares and 14,225 warrants outstanding. Warrant holders can purchase a new share of stock for $26.4. The stock is currently selling
ABC Inc. has 116,905 shares and 14,225 warrants outstanding. Warrant holders can purchase a new share of stock for $26.4. The stock is currently selling for $38.6 per share. If the warrants are all exercised immediately, what would be the market price of the stock?
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
