Question
The warrants of Dragon Pet Co. allow the holder to buy a share of stock at $28.00 and are selling for $16.50. The stock price
The warrants of Dragon Pet Co. allow the holder to buy a share of stock at $28.00 and are selling for $16.50. The stock price is currently $25.00.
To what price must the stock go for the warrant purchaser to at least be assured of breaking even? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
