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When is it profitable to exercise warrants? Multiple choice question. When the value of the exercise price exceeds the value of dividends When the value

When is it profitable to exercise warrants? Multiple choice question. When the value of the exercise price exceeds the value of dividends When the value of the underlying asset exceeds the firm's free cash flows When the value of the underlying asset exceeds the exercise price When the value of the underlying asset is less than the exercise price

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