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Hi John,
Dentro share % gain under share for share offer
((3.644X3-4.5×2)/2)/$4.5×100%=21.5%
I do not understand (3.644×3-4.5×2)/2.Thanks for your help.
It is a 3 for 2 offer.
If they currently have 2 shares then they are worth 2 x 4.50 = $9.
They will received 3 shares that are worth 3 x 3.644 = $10.932Therefore there is a gain of 10.932 – 9 = 1.932
This is the gain for every 2 shares, so the gain per share is 1.932/2 = 0.966
Since each share is currently 4.50, the gain is 0.966/4.50 = 21.5%
I found the answer you gave another student this morning. Thank you very much John!
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