A warrant which does not expire until several years in the future and which provides its owner the opportunity to buy a stock which is rising in price will probably sell for:
A.	Less than its intrinsic value
B.	Exactly its intrinsic value
C.	More than its intrinsic value
D.	Less than or equal to its intrinsic value
Answer:C
A warrant which does not expire until several years in the future and which provides its owner the opportunity to buy a stock which is rising in price will probably sell for:
A.	Less than its intrinsic value B.	Exactly its intrinsic value C.	More than its intrinsic value D.	Less than or equal to its intrinsic value