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What would be the market price of the stock

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Reference no: EM133055838

ABC Inc. has 121,556 shares and 14,698 warrants outstanding. Warrant holders can purchase a new share of stock for 5 warrants and $32. The stock is currently selling for $41 per share. If the warrants are all exercised immediately, what would be the market price of the stock?

Reference no: EM133055838

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