Abinzano Guillén, María IsabelNavas, Javier F.2016-06-222016-06-2220131469-7688 (Print)1469-7696 (Electronic)10.1080/14697688.2013.771280https://academica-e.unavarra.es/handle/2454/20911This is an accepted manuscript of an article published by Taylor & Francis in Quantitative Finance on August 2013, available online: http://dx.doi.org/10.1080/14697688.2013.771280We propose a valuation framework for pricing European call warrants on the issuer's own stock that allows for debt in the issuer firm. In contrast to other works which also price warrants with dilution issued by levered firms, ours uses only observable variables. Thus, we extend the models of both Crouhy and Galai (1994) and Ukhov (2004). We provide numerical examples to study some implementation issues and to compare the model with existing ones.application/pdfeng© Taylor & Francis 2013Corporate warrantsDilutionLeverageObservable variablesinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/openAccess