Westover Industries Has 60,000 Shares Outstanding

Multiple Choice

Westover Industries has 60,000 shares outstanding.Each share has one-third of a warrant attached.One warrant plus $25 can be exchanged for one new share of stock.The stock is currently selling for $27 per share.All else held constant,what will the stock price be if all the warrants are exercised?

A) $26.38
B) $26.50
C) $25.00
D) $27.00
E) $26.67