Duckwalk Corporation warrants carry the right to buy 10 shares of Duckwalk common stock at $3.50 per share. The common stock has a current market price of $4.25 per share. The intrinsic or minimum value of one Duckwalk warrant is
A) $0.43.
B) $7.50.
C) $0.75.
D) $0.
Correct Answer:
Verified
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