The intrinsic value of a warrant to buy four shares of Merton stock at $53 per share is $20. What is the current market price of Merton stock?
A)$55.00
B)$59.00
C)$58.00
D)None of these options

Question

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The Answer of The intrinsic value of a warrant to buy four shares of Merton stock at $53 per share is $20. What is the current market price of Merton stock?
A)$55.00
B)$59.00
C)$58.00
D)None of these options

The Intrinsic Value of a Warrant to Buy Four Shares