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Kiyaa Kiyaa
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A month ago
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
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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roman91roman91
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A month ago
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Kiyaa Author
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A month ago
Smart ... Thanks!
mkyoungs
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Yesterday
Just got PERFECT on my quiz
mikey3091
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2 hours ago
Thanks for your help!!
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