14:15 May 2, 2018 |
Spanish to English translations [PRO] Bus/Financial - Investment / Securities | |||||||
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| Selected response from: Andy Watkinson Spain Local time: 01:03 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +2 | in respect of fractions |
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5 | cash inlieu of fractional shares |
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in respect of fractions Explanation: When, as is the case here, a certain whole number of shares are to be swapped but there is not an exact match, the fractional shares are paid in cash. This is the formula used when calculating a dividend payout and I don't see why it couldn't be used here, |
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2 hrs confidence:
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