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You buy a warrant with an exercise price of $58 and one warrant will buy 7 shares of stock. The stock is currently at $62.50.

You buy a warrant with an exercise price of $58 and one warrant will buy 7 shares of stock. The stock is currently at $62.50. What would be your purchase price of the warrant if it sold at a 15 percent premium? If you sell the warrant when the stock is at 69 and the warrant is trading at an 11 percent premium, what would be your HPR?

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