Which of the following is the holder of a warrant allowed to do prior to a specified date?
A)convert debt into a specified number of shares.
B)sell common shares at a predetermined price.
C)exchange stock for bonds at a specified price.
D)purchase shares at a predetermined price.

Question

Quizplus · Accepted Answer

A warrant gives the holder the right to purchase shares at a predetermined price on or before a specified date. Therefore, the holder is allowed to purchase shares at the predetermined price prior to the specified date.

Which of the Following Is the Holder of a Warrant