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The intrinsic value of a warrant to buy 5 shares of Jimmy Corp. stock at \$70 per share is \$25. What is the current market price of Jimmy Corp. stock? (Show your work/calculations/formulas

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Preview: ... rcise price of warrant N = number of shares each warran ...

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Preview: ... of warrant M = market value of common stock E = exerci ...

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Preview: ... ck E = exercise price of warrant N = number of shares ...

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Preview: ... N where, I = intrinsic value of warrant M = market valu ...

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