needing clarity

30. Mr. John Hailey has $1,000 to invest in the market. He is considering buying 50 shares of the Comet Airlines at $20 per share. His broker suggests that he may wish to consider purchasing warrants instead. The warrants are selling for $5, and each warrant allows him to purchase one share of Comet Airlines common stock at $18 per share. a. How many warrants can Mr. Hailey purchase for the same $1,000? b. If the price of the stock goes to $30, what would be his total dollar and percentage return on the shares? c. At the time the shares go to $30, the speculative premium on the warrant goes to zero (though the intrinsic value of the warrant goes up). What would be Mr. Hailey's total dollar and percentage return on the warrant? d. Assuming the speculative premium remains $3.50 over the intrinsic value, how far would the price of the stock have to fall before the warrant has no value? en Ann in the current fiscal year. There 30. Mr. John Hailey has $1,000 to invest in the market. He is considering buying 50 shares of the Comet Airlines at $20 per share. His broker suggests that he may wish to consider purchasing warrants instead. The warrants are selling for $5, and each warrant allows him to purchase one share of Comet Airlines common stock at $18 per share. a. How many warrants can Mr. Hailey purchase for the same $1,000? b. If the price of the stock goes to $30, what would be his total dollar and percentage return on the shares? c. At the time the shares go to $30, the speculative premium on the warrant goes to zero (though the intrinsic value of the warrant goes up). What would be Mr. Hailey's total dollar and percentage return on the warrant? d. Assuming the speculative premium remains $3.50 over the intrinsic value, how far would the price of the stock have to fall before the warrant has no value? en Ann in the current fiscal year. There