The warrants of Microsystems Corporation allow the holder to buy a share of stock at $15.50 and

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The warrants of Microsystems Corporation allow the holder to buy a share of stock at $15.50 and are selling for $4.80. The stock price is currently $13.70. To what price must the stock go for the warrant purchaser to at least be assured of breaking even?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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