A company-issued warrant, such as those issued by Barclays Bank to Middle East investors,

a.

Offer significant tax deductions for investors.

b.

Means that the proceeds when exercised will go directly to its issuer.

c.

Is exactly the same as a normal call option

d.

Is exactly the same as a normal put option

e.

Tend to have much shorter maturities than normal put or call options