Multiple Choice
A firm has 100 shares of stock 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 stock?
A) $11.11
B) $15.00
C) $17.78
D) $20.00
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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