Question
The capital structure of ABC ltd consists of 30m shares of common stock and 1m warrants. Each warrant gives it owner the right to purchase
The capital structure of ABC ltd consists of 30m shares of common stock and 1m warrants. Each warrant gives it owner the right to purchase one share of common stock for an exercise price of $15. The current stock price is $30, and each warrant is worth $10. What is the new stock price if all warrant holders exercise today?
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Property Finance
Authors: David Isaac
2nd Edition
0333987144, 978-0333987148
