Question
ABC Inc. has 121,556 shares and 14,698 warrants outstanding. Warrant holders can purchase a new share of stock for 5 warrants and $32. The stock
ABC Inc. has 121,556 shares and 14,698 warrants outstanding. Warrant holders can purchase a new share of stock for 5 warrants and $32. The stock is currently selling for $41 per share. If the warrants are all exercised immediately, what would be the market price of the stock?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
