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Recently, several warrant pricing studies have become available for different models as well as for different countries. The most important conclusions that can be drawn from reviewing these studies are: (1) it is not necessary to make a correction on opdon valuation madels for the dilution effect; (2) there is no conclusive evidence to replace (dividend correctcd) models in which a constant volatility is assumed (BlacklScholes (1973) like models) by more complicated models such as the Jumpdoi:10.2139/ssrn.5818 fatcat:ml26n5k7ynacvjxnikzzw2p4dq