RE: RE: RE: RE: RE: RE: RE: Got another 2.5K A's t
"Actually, 12.77 common shares is correct.
$25.00 + 0.52 = $25.52 equivalent.
$25.52 / $2.00 = 12.77 common shares"
You are dead on with that. The principle (face) and the accrued dividend are summed before the conversion factor is applied.
You do realize that you just burst a few bubbles, don't you? I know some here were taking the accrued as payable at face value in cash or shares, which in their minds made the A's value after conversion as a lot higher than it actually will be.