Silver and Gold Ltd.(SG) common stock is currently trading at $32 a share.SG's warrants have a strike price of $25 if converted on or before July 1 and can be converted into 1 share of SG.Calculate the intrinsic value of SG's warrants.
A) $8.90
B) $12.90
C) $15.90
D) $7.00
Correct Answer:
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