Diamond Drill Inc

question 54

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.
-Refer to the above scenario.If the warrants are all exercised immediately, what would be the market price of the stock?

• A)$22.78
• B)$25.13
• C)$26.96
• D)$28.00
• E)$29.00

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Definitions:

Purposes And Goals

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Adler

Alfred Adler was an Austrian medical doctor, psychotherapist, and founder of the school of individual psychology, emphasizing the importance of feelings of inferiority and the creative self.

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The array of every physical action and observable emotion associated with individuals, as well as the human race.

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A concept in Freudian psychoanalysis referring to a girl's sense of loss and jealousy over not having a penis, leading to feelings of inferiority and psychological development issues.