Products & Risks第 49 / 125 题
A warrant differs from a right in that a warrant:
a.Typically has a long life and an exercise price initially above the market price
b.Must be exercised within days of issuance
c.Is always issued at a price below the current market
d.Pays a fixed dividend
解析
A warrant is a long-term instrument (often years) to buy stock at a set price, usually issued with an exercise price above the current market. A right (preemptive right) is short-term, usually lasting weeks, and lets existing shareholders buy new shares at a subscription price below market.
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