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Quantum Inc. has warrants outstanding that allow the holder to purchase 15 shares of stock per warrant at $25 per share (exercise price). Thus each

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Quantum Inc. has warrants outstanding that allow the holder to purchase 15 shares of stock per warrant at $25 per share (exercise price). Thus each individual share can be purchased at $25 with the warrant. The common stock is currently selling for $30. The warrantis selling for $10.55. a. What is the intrinsic minimum) value of this warrant? (Do not round intermediate calculations and round your answer to 2 decimal places.) Answer is complete but not entirely correct. In Value 0.00 b. What is the speculative premium on this warranty (Do not round intermediate calculations and round your answer to 2 decimal places) Soecutive

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