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Ask the Tutor ACCA AFM

ALASKA SALVAGE (DEC 09 ADAPTED)-Kaplan Exam Kit

Former userFormer user5y ago

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John MoffatJohn MoffatTutor5y ago#1
The warrant is an option to buy 100 shares at an exercise price of $90 per share in 5 years time. The option is negotiable, so can be sold to someone else, and $22.41 is the value of the option per share.
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