Question
ABC Inc. has 120,642 shares and 14,122 warrants outstanding. Warrant holders can purchase a new share of stock for $28.9. The stock is currently selling
ABC Inc. has 120,642 shares and 14,122 warrants outstanding. Warrant holders can purchase a new share of stock for $28.9. The stock is currently selling for $35.9 per share. If the warrants are all exercised immediately, what would be the market price of the stock?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
