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QUESTION
Warren Buffet invested in BofA last year and as part of the deal received 700 million warrants with a strike price of $7. The stock closed today at...
Warren Buffet invested in BofA last year and as part of the deal received 700 million warrants with a strike price of $7.14. The stock closed today at $12.93. Why would BofA issue all those warrants? Remember, think like an analyst.
Although bank of America investment made Warren Buffet one of the largest shareholder inthe bank but the deal was much more profitable for the bank.Warren buffet buying large number of stock at...