Diamond Drill Inc

question 9

Multiple Choice

Diamond Drill Inc. has 150,000 shares and 15,000 warrants outstanding. A warrant holder can purchase a new share of stock for five warrants and $5.00 per warrant. The stock is currently selling for $27 per share. If all warrants are exercised,what will your fraction of ownership be if you owned 20,000 shares originally?

• A) 12.12%
• B) 13.07%
• C) 13.33%
• D) 14.04%
• E) Without knowing the exercise price the percent cannot be determined.

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An efficiency measurement that assesses the output produced relative to more than one input used in production, such as labor, materials, and energy.

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