Question: Spring Fields has warrants outstanding that allow the holder to purchase one common share at $17 per share (option price). The common stock is currently

Spring Fields has warrants outstanding that allow the holder to purchase one common share at $17 per share (option price). The common stock is currently selling for $21. The warrant is selling for $6.
a. What is the intrinsic (minimum) value of this warrant?
b. What is the speculative premium on this warrant?

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