Question
Happy and Beauty Berhad has 150,000 shares and 15,000 warrants outstanding. A warrant holder can purchase a new share of stock for five warrants and
Happy and Beauty Berhad has 150,000 shares and 15,000 warrants outstanding. A warrant holder can purchase a new share of stock for five warrants and RM5.00 per warrant. The stock is currently selling for RM27 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
