What does a warrant grant the right to buy/sell? Especially when a warrant is based on a broad market index, currency index, or domestic equity index, rather than a specific stock or bond?
2007-11-30 18:21:04 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
A few examples:
Amex Hong Kong 30 Index Warrants,
British FT-SE 100 Index Warrant,
Nikkei Index Warrant
I see warrants as long dated options. If they are so, my confusion naturally arises.
2007-11-30 19:28:51 · update #1
A warrant is a right to purchase something issued by a corporation for a long period of time, usually 3 to 10 years, for a specific price. It would be very rare for a warrant to be based on something other than a company's own stock since a company cannot issue it.
2007-12-01 07:50:02 · answer #1 · answered by OPM 7 · 0⤊ 0⤋
Off the top of my head, you've got me stumped. Maybe if you had a bit more specific information I could be of more help? Maybe I'm forgetting or missig something, but how exactly would you have a right to buy/sell and index? Hmmm....
2007-12-01 03:00:50 · answer #2 · answered by Chiky 4 · 0⤊ 0⤋