GREY:PGDIF - Post by User
Post by
jimdolon Nov 19, 2015 11:44am
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Post# 24305468
your paying 13c for new share,not 10c
your paying 13c for new share,not 10cyou get 1 right per share but need to exercise 4 rights to get new share at 10c===4 times 14(present value of sha)re)+10c=66c now you have 5shares--66cdivided by 5=13c--only will be exercised if price is above 13c---