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Title: Punta Oil Company has 600,000 shares outstanding and has just issued 640,000 warrants. Each warrant ... Post by: Kiyaa on Mar 11, 2024 Punta Oil Company has 600,000 shares outstanding and has just issued 640,000 warrants. Each warrant entitles its owner to buy one share anytime in the next quarter at a price of $40. The common stock price is current $50. What is the payoff to the warrant holders exercising them, rounded to the nearest dollar?
▸ $3,577,684.67 ▸ $3,096,774.19 ▸ $774,193.54 ▸ $3,844,599.16 Title: Re: Punta Oil Company has 600,000 shares outstanding and has just issued 640,000 warrants. Each warrant ... Post by: roman91 on Mar 11, 2024 Content hidden
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