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The stock is trading marginally below book value of $78.81 in the most recent quarter.Due to the 10:1 reverse split, each Citi warrant represents the right to buy 0.1 shares of Citi common stock. To keep the math straight forward, I multiplied the warrant prices by 10 to represent a full share in the 2013 article. In January 2013, the Series A warrants were trading at $0.47 per warrant.
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