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Sen Corporation warrants carry the right to buy 7 shares of Sen common stock at $10.00 per share. The common stock has a current market

Sen Corporation warrants carry the right to buy 7 shares of Sen common stock at $10.00 per share. The common stock has a current market price of $13.50 per share. The intrinsic or minimum value of one Sen warrant is (Round your answer to 2 decimal places.)

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