An investor has an amount of R18 000 available for investment in Orico. Oricos shares trade at R18 per share and the warrants are trading at R24 per warrant. Each warrant entitles the holder to purchase two shares at R16.20 each. The investor can either invest his or her R18 000 by buying shares or by buying warrants. If the share price increases by 90c, and capital gains tax and brokerage fees are ignored, the difference in the investors gains if he or she invested in shares as opposed to warrants would be