Outstanding Warrants for the Buell Corp

question 36

Multiple Choice

Outstanding warrants for the Buell Corp. have an exercise price of $1.50. The current market price for Bull shares is $1.75. How much would it cost a purchaser to buy 3,000 warrants?

• A) $500
• B) $750
• C) $4,500
• D) $5,000
• E) $5,250

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