Duckwalk Corporation Warrants Carry the Right to Buy 10 Shares

question 142

Multiple Choice

Duckwalk Corporation warrants carry the right to buy 10 shares of Duckwalk common stock at $3.50 per share.The common stock has a current market price of $4.25 per share.The intrinsic or minimum value of one Duckwalk warrant is:

• A) $0.43.
• B) $7.50.
• C) $0.75.
• D) $0.53.

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