THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Warrant Symbol - FAI.WT
Number Trading - 11,419,320
Expiration Date -
Cusip - 318927 11 8
Warrants called to trade news:
Separation of units
1997-07-29 06:10 MT - Miscellaneous
Further to exchange bulletin 97-643
which described an offering of units
represented by instalment receipts
by The First Asia Income Fund
(symbol: FAI.IR), the 11,419,320
trust units, represented by
instalment receipts and 11,419,320
trust unit purchase warrants will
trade separately commencing at the
opening on Tuesday, August 12 1997,
at which time the trust units
represented by instalment receipts
will commence trading on an
ex-warrant basis under the new Cusip
number 318927 40 7.
Warrants
Symbol: FAI.WT
Cusip No: 318927 11 8
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
