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.What would your gain be from exercising the warrants,assuming all are exercised?
A) € 0.00 per share
B) € 1.96 per share
C) € 2.00 per share
D) €25.00 per share
E) €27.00 per share
Correct Answer:
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