Exercise of a warrant
A warrant is exercised only if the share price at the time of exercise is higher than the price at which the investor has the right to buy; below that price he would simply buy in the market instead.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series II-B← All terms