Question
DIY has 161,579 shares and 16,312 warrants outstanding. The stock price is 28.9. If an investor can purchase 0.2 share with one warrant and $20.0
DIY has 161,579 shares and 16,312 warrants outstanding. The stock price is 28.9. If an investor can purchase 0.2 share with one warrant and $20.0 and all warrants are exercised immediately, what will be the market price of the stock?(Assuming that one can purchase a fraction of a share.)
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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