Options Contracts allowing the owners to buy or sell securities at an agreed price and within an agreed time. In an underwritten public offering, the company will often grant options (also called underwriters' warrants), giving the underwriters the right to buy a new issue of the company's shares at any time within five years after the offering. The price is set at the minimum permitted by the NASD and blue sky laws ? usually from 100 percent to 140 percent of the offering price.
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