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Sen Corporation warrants carry the right to buy 9 shares of Sen common stock at...

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Question

Finance

Sen Corporation warrants carry the right to buy 9 shares of Sen common stock at $10.00 per share. The common stock has a current market price of $16.00 per share. The intrinsic or minimum value of one Sen warrant is ________. (Round your answer to 2 decimal places.)

Multiple Choice

  • $0

  • $53.00

  • $55.50

  • $54.00

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