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The exercise price or option price of a warrant is normally set ________. A. above the market price of the firm's stock at the time

The exercise price or option price of a warrant is normally set ________.

A. above the market price of the firm's stock at the time of issuance

B. below the book value of the firm's stock at the time of issuance

C. equal to the market price of the firm's stock at the time of issuance

D. above the book value of the firm's stock at the time of issuance

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