Diamond Drill Inc

question 20

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.What would your gain per share be from exercising the warrants, assuming all are exercised?

• A)$0.00 per share
• B)$1.96 per share
• C)$2.00 per share
• D)$25.00 per share
• E)$27.00 per share

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