Multiple Choice
Outstanding warrants for the common shares of Buell Corp. have an exercise price of $1.50. The present price for Buell's shares is $2.00 per share. If Buell's shares rose by another 20% by what percentage would the value of the warrants increase by?
A) 20%
B) 40%
C) 50%
D) 60%
E) 80%
Correct Answer:
Verified
Correct Answer:
Verified
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