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The capital structure of a firm consists of 12,225,390 common shares and 815,020 warrants. Each warrant gives its owner the right to purchase one (1)
The capital structure of a firm consists of 12,225,390 common shares and 815,020 warrants. Each warrant gives its owner the right to purchase one (1) common share at an exercise price of $15.84 per share. The current stock price is $21.43 per share, and each warrant is worth $6.52 per warrant. What will be the new stock price if all warrant holders decide to exercise their rights today
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