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(TCO 5) Which of the following is NOT a characteristic of a warrant? A warrant is an option to buy a specified number of shares

(TCO 5) Which of the following is NOT a characteristic of a warrant?

A warrant is an option to buy a specified number of shares of stock at a given price over a given period of time.

A warrant represents a cash inflow to the issuing company when exercised.

When exercised, a warrant replaces debt on the balance sheet.

A warrant allows the bond to carry a lower coupon rate.

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