BCE Blue chip growth stock Message Board

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Gold/Mining/Energy : BCE Blue chip growth stock

BCE 22.29

-1.7%

Nov 4 4:00 PM EST

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To: Greg Reinhart who wrote (116)	1/29/2000 12:03:00 AM
From: jack bittner	Read Replies (3) of 275

Greg, why do you say ~$109 worth? i think you'll get .78 of a share of nt for each share of bce. that'll be "worth" whatever nortel sells for that day x .78. if, for example, for easy arithmetic, BCE sells for say 100 at the moment of the dividend and nortel sells for say 93 - which was the apx relationship TODAY - you'll get a .78 of 93, or ~$72.50 "worth" of nortel and, if the market were perfectly arithmetic, bce would for the moment drop from 100 to $27.50 a share. or do i have this wrong and mr monty's gonna give me $109 in stock no matter what price each stock is at? where does that $109 come from? is it .78 of an assumed price for nt when the distribution is made? i just read some other posts: my figures are in $US, but principle is the same. you'll get .78 per nt's share value and the immediate efect will be to reduce the value of your bce holdings by the value of the new nt shares you just got. no free lunch.

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