What is the speculative premium on the warrant

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Reference no: EM131623088

NetCare Inc. has warrants that trade for $11.18 each. The warrant carries the option to purchase a half share of common stock at a strike price of $38 per share. What is the speculative premium on the warrant if the stock price is $48.93 per share?

The speculative premium (option value) is $ (round to the nearest cent - if answer has 0.5 round down)

Reference no: EM131623088

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