BrightView Windows Issued Warrants with an Exercise Price of $17

question 11

Multiple Choice

BrightView Windows issued warrants with an exercise price of $17 for one share per warrant. On May 1, BrightView's common stock is at $20 per share. The lower and upper limits on the warrant value on May 1 are:

• A) $0 and $17.
• B) $17 and $20.
• C) $3 and $17.
• D) $0 and $3.
• E) $3 and $20.

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