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The capital structure of a firm consists of 15,889,470 common shares and 1,059,180 warrants. Each warrant gives its owner the right to purchase one (1)
The capital structure of a firm consists of 15,889,470 common shares and 1,059,180 warrants. Each warrant gives its owner the right to purchase one (1) common share at an exercise price of $19.62 per share. The current stock price is $25.35 per share, and each warrant is worth $8.06 per warrant. What will be the new stock price if all warrant holders decide to exercise their rights today? $25.50 $26.13 $26.77 $27.41 $28.05
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