A fiRm Has 100 Shares of Equity and 40 Warrants

Multiple Choice

A firm has 100 shares of equity and 40 warrants outstanding.The warrants are about to expire, and all of them will be exercised.The market value of the firm's assets is €2,000, and the firm has no
Debt.Each warrant gives the owner the right to buy 2 shares at €15 per share.What is the price per
Share of the equity?

A) €11.11
B) €15.00
C) €17.78
D) €20.00
E) None of the above.