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    Price of shares post issue of warrants P1 T4 Ch15

    @lushukai thanks for the simple explanation Also, @David Harper CFA FRM thank you for the in depth explanation. Was an interesting read :D
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    Price of shares post issue of warrants P1 T4 Ch15

    Since the company is the writer of the call option on stocks, the company gets paid (the warrant buyer will pay the price of warrant = w as premium) and hence I expected the market cap to increase by Mw (M = number of warrants). But instead, the chapter says the market cap is reduced by Mw. Is...
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    Seasonal differencing from Chapter 11

    Statement as per the book official GARP book (chapter 11, seasonal differencing): How is this equation MA(1)? Isnt this an MA(4) with theta=-1? And how is this covariance stationary? The characteristic equation is 1+z^4 with complex root of abs value of unity.
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