第二十四章认股权证和可转换债券[25p].pptVIP

Executive Summary This chapter describes the basic features of warrants and convertibles. The important questions are: How can warrants and convertibles be valued? What impact do warrants and convertibles have on firm value? What are the differences between warrants, convertibles and call options? Under what circumstances are warrants and convertibles converted into common stock? Chapter Outline 24.1 Warrants 24.2 The Difference between Warrants and Call Options 24.3 Warrant Pricing and the Black-Scholes Model (Advanced) 24.4 Convertible Bonds 24.5 The Value of Convertible Bonds 24.6