Warrants Differ from Listed Options in That ________

Warrants differ from listed options in that ________.
I.exercise of warrants results in dilution of a firm's earnings per share
II.when warrants are exercised new shares of stock must be created
III.warrant exercise result in cash flows to the firm whereas exercise of listed options does not

A) I only
B) I and II only
C) II and III only
D) I, II and III

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