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Westover Industries has 60,000 shares outstanding. Each share has one-third of a warrant attached. One warrant plus $25 can be exchanged for one new share

Westover Industries has 60,000 shares outstanding. Each share has one-third of a warrant attached. One warrant plus $25 can be exchanged for one new share of stock. The stock is currently selling for $27 per share. All else held constant, what will the stock price be if all the warrants are exercised? Multiple Choice $27.00 $25.00 $26.50 $26.67

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