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Westover Industries has 60,000 shares outstanding. Each sharehas one-third of a warrant attached. One warrant plus $25 can beexchanged for one new share of stock. The stock is currentlyselling for $27 per share. All else held constant, what will thestock price be if all the warrants are exercised? Multiple Choice$27.00 $25.00 $26.50 $26.67
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