高级公司金融Options and Corporate Finance.pptVIP

Should we value the convertible bond using Black-Scholes formula? The strike price is time varying. The default and dilution are also not reflected in this figure. The Difference Between Warrants and Call Options Call options are issued by individual investors or institutions, while warrants are issued by the firms. When a warrant is exercised, a firm must issue new shares of stock. But when the options are exercised there is no change in the total number of the shares. Only the ownership of the shares changes. The exercise of warrants can have the effect of diluting the claims of existing sh