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Re: jcanuck post# 20621

Friday, 10/12/2012 3:23:05 PM

Friday, October 12, 2012 3:23:05 PM

Post# of 163719


And never in the history of the world, nor on any planet, has a warrant been written with an exercise price 5x + the price at the time of the deal.

Look up the Black Scholes model to determine what such a warrant would be worth as a kicker in a bond deal. Hint: it rounds off to zero.

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