Dayananda, P.W.A.; Kemper, John T. - In: International Journal of Financial Markets and Derivatives 4 (2015) 1, pp. 26-42
Premiums collected when warrants are issued become part of a firm's capital and are taken into account in the valuation of a company. In this paper formulae are developed to fairly value warrants in the case where multiple warrant issues are outstanding, including consideration of issue premiums...