Assume a firm has warrants outstanding that permit the holder to buy one new share of stock
Question:
a. What is the intrinsic value of the warrant?
b. Why might the warrant sell for $2 on the market even if the stock price is $22?
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Step by Step Answer:
a b Speculators may feel the warrant is worth something for the potential price appre...View the full answer
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Related Book For 
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
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