Diamond Drill Inc

Diamond Drill Inc.has 150,000 shares and 15,000 warrants outstanding.A warrant holder can purchase a new share of equity for five warrants and €5.00 per warrant.The equity is currently selling for €27 per share.If all warrants are exercised,what will your fraction of ownership be if you owned 20,000 shares originally?

A) 12.12%.
B) 13.07%.
C) 13.33%.
D) 14.04%.
E) Without knowing the exercise price the percent can not be determined.