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The warrants of Integra Life Sciences allow the holder to buy a share of stock at $12.95 and are selling for $3.45. The stock price

The warrants of Integra Life Sciences allow the holder to buy a share of stock at $12.95 and are selling for $3.45. The stock price is currently $11.50.

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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