Tri-Slope has warrants outstanding in addition to its common stock. There are 5 million shares of stock and 1 million warrants. The stock is selling for $43 each and with each warrant you can buy a new share for $40. If the warrants expire in 6 months and the annual variance is .25 and the risk free rate is 4%, what is the value of a warrant using the Black Scholes model? Tri-Slope has warrants outstanding in addition to its common stock. There are 5 million shares of stock and 1 million warrants. The stock is selling for $43 each and with each warrant you can buy a new share for $40. If the warrants expire in 6 months and the annual variance is .25 and the risk free rate is 4%, what is the value of a warrant using the Black Scholes model