Hi, in sample answer part (c), the premium of $0.50 is calculated as ($5.80 - $4.80) / 2.
Please may I know why the premium is not $1.00, but it needs to be divided by 2?
Thank you.
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BPP revision kit Q.28 Makonis
4y ago#1Because the shareholders are getting 1 new share for every 2 Nuvola shares.
I see. Thank you.
4y ago#3You are welcome.
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