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4. Overview of Warrants Warrants Options and Corporate Finance > Warrants Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance?campaign_content=book_192_section_119&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=di rect&utm_source=boundless

5. A warrant's "premium" represents how much extra you have to pay for your shares when buying them through the warrant as compared to buying them the regular way. Warrants are issued by private parties, typically the corporation on which a warrant is based, rather than a public options exchange. A warrant's lifetime is measured in years (as long as 15 years), while options are typically measured in months. The market value of a warrant can be divided into two components: intrinsic value and time value. Warrants are often used as deal sweeteners, in order to entice hesitant investors. Overview of Warrants Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/options-and-corporate-finance-16/warrants-119/overview-of-warrants-497- 5849?campaign_content=book_192_section_119&campaign_term=Finance&utm_campaign=powerpoint&utm_medium=direct&utm_source=boun dless Valuing a Warrant View on Boundless.com Options and Corporate Finance > Warrants

6. Free to share, print, make copies and changes. Get yours at www.boundless.com Appendix

7. Key terms intrinsic Innate, inherent, inseparable from the thing itself, essential. portfolio The group of investments and other assets held by an investor. stockbroker A person who buys and sells shares (stock) on a stock exchange on behalf of clients. May also provide investment advice and/or company information, depending on the level of service offered (or chosen by the client). Free to share, print, make copies and changes. Get yours at www.boundless.com Options and Corporate Finance

8. Valuing a Warrant Where: P is the price paid for the bond with warrants; C is the coupon payment; T is the maturity of the bond; r is the required rate of return; and F is the face value of the bond. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia. "Warrant (finance)." GNU FDL http://en.wikipedia.org/wiki/Warrant_(finance) View on Boundless.comGNU FDLhttp://en.wikipedia.org/wiki/Warrant_(finance)View on Boundless.com Options and Corporate Finance

9. Free to share, print, make copies and changes. Get yours at www.boundless.com Options and Corporate Finance Which of the following is NOT a way warrants differ from options? A) Unlike options, warrants have different exercise types, such as American and European style. B) Warrants are issued by private parties and not on public options exchanges. C) Warrants are over-the-counter instruments. D) Warrant's have a duration measured in years, while most options are measured in months.

10. Free to share, print, make copies and changes. Get yours at www.boundless.comwww.boundless.com Boundless - LO. "Boundless." CC BY-SA 3.0 http://www.boundless.com/CC BY-SA 3.0http://www.boundless.com/ Options and Corporate Finance Which of the following is NOT a way warrants differ from options? A) Unlike options, warrants have different exercise types, such as American and European style. B) Warrants are issued by private parties and not on public options exchanges. C) Warrants are over-the-counter instruments. D) Warrant's have a duration measured in years, while most options are measured in months.

11. Attribution Wikipedia. "Warrant (finance)." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Warrant_(finance)CC BY-SA 3.0http://en.wikipedia.org/wiki/Warrant_(finance) Wiktionary. "intrinsic." CC BY-SA 3.0 http://en.wiktionary.org/wiki/intrinsicCC BY-SA 3.0http://en.wiktionary.org/wiki/intrinsic Wiktionary. "stockbroker." CC BY-SA 3.0 http://en.wiktionary.org/wiki/stockbrokerCC BY-SA 3.0http://en.wiktionary.org/wiki/stockbroker Wiktionary. "portfolio." CC BY-SA 3.0 http://en.wiktionary.org/wiki/portfolioCC BY-SA 3.0http://en.wiktionary.org/wiki/portfolio Free to share, print, make copies and changes. Get yours at www.boundless.com Options and Corporate Finance