PBBank-CJ, it is exercisable at a four-for-one ratio, at an exercise price of RM7.50 perPublic Bank share.
It expires on Sept 24, 2010.
Premium = (Call Warrant Price x Exercise Ratio) + Exercise Price - Underlying Security Price /Underlying Security Price
= (0.415*4)+7.50 - 9.05/9.05
= 1.2 %
Worth it or NOT???
Subscribe to:
Post Comments (Atom)