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Technology Stocks : Merrill's Internet Basket (HHH)
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To: doniam who wrote (29)10/1/1999 11:03:00 PM
From: RedCrystal  Read Replies (1) of 42
 
Re: 100 share multiples

Doniam, the requirement to purchase HHH in multiples of 100 shares is probably due to the fact that a holder of 100 shares of HHH can elect (for a very small transaction fee) to convert the 100 shares of HHH into the underlying portfolio of stocks. If you owned an odd lot of HHH shares, you would own a fractional number of shares of some of these stocks. RC
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