The warrants of Dragon Pet Co. allow the holder to buy a share of stock at $26.20

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The warrants of Dragon Pet Co. allow the holder to buy a share of stock at $26.20 and are selling for $14.10. The stock price is currently $23.50. To what price must the stock go for the warrant purchaser to at least be assured of breaking even?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 05:36 AM

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The warrants of Dragon Pet Co. allow the holder to buy a share of stock at $26.20

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Dragon Pet Company The stock price must go to 4030 At that point the warrant will be ...View the full answer

Foundations of Financial Management

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