BrightView Windows issued warrants with an exercise price of $17 for one share per warrant. On May 1, BrightView's common stock is at $20 per share. The lower and upper limits on the warrant value on May 1 are:
A) $0 and $17.
B) $17 and $20.
C) $3 and $17.
D) $0 and $3.
E) $3 and $20.

Question

Quizplus · Accepted Answer

The Answer of BrightView Windows issued warrants with an exercise price of $17 for one share per warrant. On May 1, BrightView's common stock is at $20 per share. The lower and upper limits on the warrant value on May 1 are:
A) $0 and $17.
B) $17 and $20.
C) $3 and $17.
D) $0 and $3.
E) $3 and $20.

BrightView Windows Issued Warrants with an Exercise Price of $17