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What would be the manning investment company

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Reference no: EM132712993

The Manning Investment Company bought 100 Cable Corp. warrants one year ago and would like to exercise them today. The warrants were purchased for $30 each, and they expire when trading ends today (assume there is no speculative premium left). Cable Corp. common stock is selling today for $60 per share. The option price is $36, and each warrant entitles the holder to purchase two shares of stock, each at the option price.

Problem a. If the warrants are exercised today, what would be the Manning Investment Company's dollar profit or loss? (Input the answer as positive value.)

Problem b. What is the Manning Investment Company's percentage rate of return?

Reference no: EM132712993

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