Eastern Shore Merchants has 75,000 shares and 50,000 warrants currently outstanding.A warrant holder can purchase one new share of stock in exchange for four warrants plus $20.The stock is currently selling for $20.60 per share.What would be the gain per new share from exercising the warrants,assuming all warrants are exercised?
A) $.15
B) $.51
C) $.60
D) $2.40
E) $2.04
Correct Answer:
Verified
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