Question: Spring Fields has warrants outstanding that allow the holder to purchase one commonshare at$15 per share (option price). The common stock is currently selling for

Spring Fields has warrants outstanding that allow the holder to purchase one commonshare at$15 per share (option price). The common stock is currently selling for $22. The warrant is selling for $10.55.(Leave no cells blank - ensure that "0" is entered wherever required.)

a.What is the intrinsic (minimum) value of this warrant?

Intrinsic value$

b.What is the speculative premium on this warrant?(Round the final answer to 2 decimal places.)

Speculative premium$

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