7.11 Warrants Warrants are options that are issued (or written by a corporation or a financial institution The number of warrants outstanding is determined by the size of the original issue and changes only when they are exercised or when they expire Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 7.11 Warrants • Warrants are options that are issued (or written) by a corporation or a financial institution • The number of warrants outstanding is determined by the size of the original issue and changes only when they are exercised or when they expire