A Firm That Issues Warrants

A firm that issues warrants

A) can expect to receive additional funds if the formula value of the warrant is zero at the expiration date
B) has to pay the same per share dividend to the warrant holders as it pays to its stockholders
C) cannot issue convertible securities while the warrants are outstanding
D) can expect to receive additional funds if the formula value of the warrant is positive at the expiration date

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