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Can anyone explain to me “Implats Convertible Bond” Can anyone buys them and how does it work. They cost R9500 and pay a dividend of R25000.
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26000 x R1.11 = R28860 18000 x R1.75(assuming this is total cost) = R31500 R28860 + R31500 = R60360 R60360/ 44000 shares = R 1.372 average cost per share
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