认股价格

截至昨日收盘，15只权证中，有11只权证的认股价格高出目前正股的股价。

As of yesterday 's close , 15 warrant , the warrant has11 higher than the subscription price of shares of stock currently .

引资谈判涉及当事各方的商务安排与利益调整，主要包括认股价格、投资组合、业务合作、董事席位及公司章程修改等内容。

Capital introduction involves the business arrangement and interest adjustment of various parties concerned , mainly including share subscribing price , investment portfolio , business cooperation , directorate seats and revision of the corporate constitutions .

我国认股权证价格偏误的实证研究&以中化CWB1为例

An Empirical Study on the Bias of Warrants Price in Our Country & In an Example of CWB

引申波幅是评估期权或认股证价格最重要的因素。

Implied Volatility is the most important factors to evaluate the price of option .

文章对理论定价的结果和市场价格进行了比较，进而对二者的差异做了较为详尽的分析，并得出了我国认股权证价格明显被高估的结论。

The article compared the theoretical pricing results with the market price and exhaustively analyzed the difference , then , expounded the conclusion that our national warrants were all high - evaluated .

估值专家表示，高盛（GoldmanSachs）和美国运通（AmericanExpress）赎回认股权证的价格接近或高于其估计价值，而摩根士丹利与这些竞争对手不同，其赎回价格较权证估值有很大的折扣。

Unlike rivals Goldman Sachs and American Express , which repaid the warrants at prices close to or above their estimated value , Morgan Stanley redeemed them at a significant discount , according to valuation experts .

我国认股权证的价格分析

The Analysis of the Price of Chinese Warrant

如果投资人只分析单只认股权证的价格走势，不论正股价格的平贵而进行买卖，那就变成本末倒置的纯投机行为。

If investors only of single-only the price of warrants , regardless of the prices of stocks are expensive and-trading , then head into the pure speculation .

认股权证具有价格发现和规避风险等功能，但同时认股权证本身也具有巨大的风险，充斥整个权证市场的炒作和暴涨暴跌就很好的说明了这点。

Warrant has functions of price-finding and risk-avoiding , meanwhile it is accompanied by high risk , the speculation , skyrocketing and crash filled with the Chinese warrant market Well illustrates this point .

主要结论包括：债券部分市场价格和理论价值很接近，市场参与者比较理性；认股权证市场价格远高于理论价值，投机炒作依然存在。

The main conclusions are : the bond market price is very close to the theoretical value ; this is rational market participants ; warrants ' market price is much higher than the theoretical value , speculation still exists .