Question
The warrants of Dragon Pet Company allow the holder to buy a share of stock at $26.20 and are selling for $14.10. The stock price
The warrants of Dragon Pet Company allow the holder to buy a share of stock at $26.20 and are selling for $14.10. The stock price is currently $23.50.
To what price must the stock go for the warrant purchaser to at least be assured of breaking even?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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Finance And Investments Application To South African Financial Markets
Authors: Mthuli Ncube
1st Edition
3843375984, 9783843375986
