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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:
Market Price
The current price at which an asset or service can be bought or sold in the market.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with dividends that are paid out before those to common stockholders.
Basic Earnings Per Share
A calculation that shows a company's profitability per share of stock by dividing net income by the weighted average number of common shares outstanding.
Weighted Average
Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set, used in accounting for inventory cost.
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