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The capital structure of a firm consists of 16,936,350 common shares and 1,128,940 warrants. Each warrant gives its owner the right to purchase one (1)

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The capital structure of a firm consists of 16,936,350 common shares and 1,128,940 warrants. Each warrant gives its owner the right to purchase one (1) common share at an exercise price of $20.70 per share. The current stock price is $26.47 per share, and each warrant is worth $8.50 per warrant. What will be the new stock price if all warrant holders decide to exercise their rights today? $25.31 $25.97 $26.64 $27.31 $27.97

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