NetCare Inc. has warrants that trade for ?$11.29 each. The warrant carries the option to purchase a half share of common stock at a strike price of ?$41 per share. What is the speculative premium on the warrant if the stock price is ?$49.23 per? share?
The speculative premium? (option value) is ?$__________ ?(round to the nearest cent? - if answer has? 0.5¢ round? down)