The warrants of Airbus Transportation Corporation allow the holder to buy a shar

Question

The warrants of Airbus Transportation Corporation allow the holder to buy a share of stock at $15.50 and are selling for $3.50. The stock price is currently $13.75.

To what price must the stock go for the warrant purchaser to at least be assured of breaking even? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

To what price must the stock go for the warrant purchaser to at least be assured of breaking even? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Explanation / Answer

breaking even price = $19

15.5 +3.5 = 19

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