BrightView Windows issued warrants with an exercise price of $17.BrightView's common stock currently sells for $20 per share.The warrants are:
A)in the money.
B)out of the money.
C)valuable.
D)not very valuable.
E)Both A and C.

Question

Quizplus · Accepted Answer

The warrants are "in the money" because the exercise price ($17) is less than the current stock price ($20), making them valuable as they can be exercised for a profit.

BrightView Windows Issued Warrants with an Exercise Price of $17