Warrant basics and stock option insights in 1970s markets
In a reader's query style column, the piece discusses warrants as stock options, yield calculations for 1974 and 1980 General Public Utilities issues, and the payoff mechanics of warrants on AT and T. It covers pricing, expiration, and the bet on stock movement, plus broker advice and mutual fund comparisons. It also notes commission considerations and invites questions to Sam Shulsky.