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Sleepless Night Ltd.s warrant is priced at a speculative premium of $4.00 to its intrinsic (minimum) value. Each warrant entitles the holder to purchase one

Sleepless Night Ltd.s warrant is priced at a speculative premium of $4.00 to its intrinsic (minimum) value. Each warrant entitles the holder to purchase one share in Sleepless Night Ltd. for a total cost of $10.00. Sleepless Night shares currently trade in the market for $16each.

What is the current price of a Sleepless Night warrant

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