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Alfa Romeo Auto has just issued warrants that allow the holder to purchase 1.5 common shares at an exercise price of $10. Afla's common stock

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Alfa Romeo Auto has just issued warrants that allow the holder to purchase 1.5 common shares at an exercise price of $10. Afla's common stock is currently selling at $15. The warrants are currently valued at $3.50. What is the speculative premium of this warrant? Select one: O a $3.50 O b. $2.50 O c. $1.50 O d. $2.00

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