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Jacobs and Company has warrants outstanding, which are selling at a $4.00 premium above intrinsic value. Each warrant allows its owner to purchase one share

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Jacobs and Company has warrants outstanding, which are selling at a $4.00 premium above intrinsic value. Each warrant allows its owner to purchase one share of common stock at $26. If the common stock currently sells for $30, what is the warrant price? (Round your answer to 2 decimal places.) $11.00 O $9.00 O $8.00 O $12.00

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