The Valuation of Multiple Stock Warrants

• Main Authors: Lim, Kian Guan, Terry, Eric
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2003
• Subjects: Corporate Finance; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2631; https://proquest.umi.com/pqdweb?did=531881091&sid=28&Fmt=3&clientId=44274&RQT=309&VName=PQD
• Institution: Singapore Management University

The issue of multiple series of stock purchase warrants by the same firm is an interesting financial structure not just in America, but is common in countries such as Switzerland, Malaysia, and Singapore. This paper derives valuation formulas for multiple series of outstanding warrants. The theoreti...