What price must the stock go for the warrant purchaser

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Reference no: EM131606337

The warrants of Dragon Pet Co. allow the holder to buy a share of stock at $35.90 and are selling for $8.30. The stock price is currently $28.10.

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.)

Breakeven price

Reference no: EM131606337

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