Low is better, because before the warrant expires, how much percentage of the share price does warrant investors need to change to achieve a draw on the expiration date. Premium rate is one of the data to measure the risk of warrants. The higher the insurance rate, the more difficult it is to make peace.

Warrant premium rate = [(exercise price+warrant price/exercise ratio)/underlying securities price-1]× 100%.

Simply put, investors can regard the premium rate as one of the investment costs. For example, the exercise price of a warrant is 100 yuan, the current stock price is 95 yuan, the current warrant price is 1 yuan, and the exercise ratio is 1: 1. According to this calculation, the premium rate of subscription card is 6.3%. In other words, if an investor buys a subscription certificate at the current price and holds it until its maturity, the relevant stock must rise by at least 6.3% to about 65,438+0,065,438+0 yuan before the investor can break even.

( 100+ 1/ 1)/95- 1* 100%=6.3%。

Extended data:

Land benchmark price:

The original cost of land includes land acquisition fees, reclamation fees, young crops fees and other compensation fees for villagers, as well as management fees such as evaluation fees. To put it simply, the base price of land is the sum of all the expenses from the nationalization of land to the auction and auction.

Example of land premium rate:

For example, if a piece of land with a bid price of 100 is auctioned and the final transaction price is 200, then this land is premium land, with a premium rate of 100%, which is twice as expensive as the bid price.

Baidu encyclopedia-insurance rate