The stock price is $11 at expiration. The put warrant price was $1.01 with exercise price equal
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Question:
The stock price is $11 at expiration. The put warrant price was $1.01 with exercise price equal to $11.5 when the holder purchased the warrant contract. The conversion ratio is 10. The lot size of the warrant is 100. Calculate the payoff and profit per lot of warrant contract.
Related Book For
Essentials of Investments
ISBN: 978-0078034695
9th edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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