The warrants of Integra Life Sciences allow the holder to buy a share of stock at $13.75

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The warrants of Integra Life Sciences allow the holder to buy a share of stock at $13.75 and are selling for $3.95. The stock price is currently $12.50. 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: 9781264097623

18th Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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