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calcrismore calcrismore
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5 months ago
A company has 20 million shares outstanding that are trading at $30 per share. The company has 2 million warrants outstanding that have an exercise price of $28 per share. Each warrant entitles the owner to purchase one share. What is the payoff to the warrant holders exercising them, rounded to the nearest dollar?

▸ $3,636,364

▸ $6,000,000

▸ -$3,636,364

▸ $2,800,000
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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mamaputmamaput
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5 months ago
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calcrismore Author
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5 months ago
Helped a lot
spaghetti
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Thank you, thank you, thank you!
IvanaVR
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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