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 $3
B) $0 and $17
C) $3 and $17
D) $3 and $20
E) $17 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 $3
B) $0 and $17
C) $3 and $17
D) $3 and $20
E) $17 and $20

BrightView Windows Issued Warrants with an Exercise Price of $17