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QUESTION ELEVEN (5 MARKS) Kajang Industries has 60,000 shares outstanding. Each share has one-third of a warrant attached. One warrant plus RM25 can be exchanged

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QUESTION ELEVEN (5 MARKS) Kajang Industries has 60,000 shares outstanding. Each share has one-third of a warrant attached. One warrant plus RM25 can be exchanged for one new share of stock. The stock is currently selling for RM27 per share. All else held constant, what will the stock price be if all the warrants are exercised

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