year, so the expected theoretical value of a warrant over the next year is $18. The expiration date of the warrant is 1 year from the present. a. If Mr. Baldwin purchases the stock, holds it for 1 year, and then sells it for $63, what is his total gain? (Ignore brokerage fees and taxes.) c. Repeat parts a and b, assuming that the market price of the stock in 1 year is $61. d. Discuss the two alternatives and the trade-offs associated with them. a. If Mr. Baldwin purchases the stock, holds it for 1 year, and then sells it for $63, his total gain is $ (Round to the nearest dollar.) year, so the expected theoretical value of a warrant over the next year is $18. The expiration date of the warrant is 1 year from the present. a. If Mr. Baldwin purchases the stock, holds it for 1 year, and then sells it for $63, what is his total gain? (Ignore brokerage fees and taxes.) c. Repeat parts a and b, assuming that the market price of the stock in 1 year is $61. d. Discuss the two alternatives and the trade-offs associated with them. a. If Mr. Baldwin purchases the stock, holds it for 1 year, and then sells it for $63, his total gain is $ (Round to the nearest dollar.)