Warrant purchaser to at least be assured of breaking even

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Reference no: EM131333610

The warrants of Dragon Pet Co. allow the holder to buy a share of stock at $28.00 and are selling for $16.50. The stock price is currently $25.00.

To what price must the stock go for the warrant purchaser to at least be assured of breaking even? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131333610

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