Ferri, Michael G; Moore, Scott B; Schirm, David C - In: The Financial Review 24 (1989) 1, pp. 135-46
This note examines whether listing on a major exchange raises the value of warrants. Such an increase is plausible, given the generally small size of warrant issues and the enhanced liquidity that organized trading can provide. Using Black-Scholes pricing techniques, the study concludes that...