Final answer:
The price of the warrant is $1.10.
None of the option is true.
Step-by-step explanation:
The price of a warrant is the difference between the price of a unit and the price of the common stock.
This is because the warrant gives the holder the right to buy a share of common stock at a certain price, which is called the exercise price.
The exercise price is typically set above the current market price of the common stock.
To find the price of the warrant, we need to calculate the difference between the price of the unit and the price of the stock on the day of the sale.
The unit consists of one share of stock and one detachable stock warrant.
The price of the unit is $19.75, and the price of the stock on the day of the sale is $18.65.
Therefore, the price of the warrant is:
Price of warrant = Price of unit - Price of stock
Price of warrant = $19.75 - $18.65
= $1.10
Therefore, None of the option is true.