Multiple Choice
Mercury Inc. issued bonds with warrants attached that had an exercise price of $22. Each warrant allows the holder to purchase two shares. Since the issuance, the stock split 2 for 1, the current stock price is $24 and the warrant price is $30. How much is the warrant selling above its formula value?
A) 84.6%
B) 130.8%
C) 15.4%
D) 269%
Correct Answer:
Verified
Correct Answer:
Verified
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