Register
Sen Corporation warrants carry the right to buy 6 shares of Sen common stock at $10.00 per share. The common stock has a current market price of $14.25 per share. The intrinsic or minimum value of one
202k views
5 votes
Sen Corporation warrants carry the right to buy 6 shares of Sen common stock at $10.00 per share. The common stock has a current market price of $14.25 per share. The intrinsic or minimum value of one Sen warrant is ________. (Round your answer to 2 decimal places.) $0 $25.50 $24.50 $27.00

User Hosane
by
4.8k points

1 Answer

4 votes

Answer: $25.50

Step-by-step explanation:

Intrinsic Value of warrant = Number of shares buyable * (Market price - Warrant price)

= 6 * (14.25 - 10)

= $25.50

User Justin Mayer
by
5.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
How do i figure out a months ending capital
Link Copied!