Bell Aliant Inc BLIAF

RE:RE:RE:RE:RE:question

[rosebank]

Options are as follows:
(a) 1 share of BA => $31.00
(b) 0.6371 shares of BCE @ $31.00 / BA share; gives BCE shares valued at ($31/0.6371) $48.65
(c) $7.75 & 0.4778 shares of BCE => gives a BCE share value of $ 48.66 (($31-7.75)/0.4778)

Bottom line:
if BCE shares rise above $48.66 if is best to elect to recieve BCE shares;
if BCE shares fall below $48.64 take the cash.