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Re: Warrant conversion

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Posted by Lang Tu on May 11, 2003 at 02:12:53:

In Reply to: Re: Warrant conversion posted by Mark on May 05, 2003 at 14:28:39:

: : Dear Mark,
: : I bought some warrants and at their expiration date, I had to convert them into the underlying shares by adding more money (i.e. at the exercise price). How should I record this transaction nicely in your program? I did search by key word "warrant" but nothing appears.
: : Many thanks for your support
: : Best regards
: : Lang Tu

: Hi Lang,

: You can probably handle this a couple of ways... It sounds like the best
: may be to use 2 investment files, one for the warrants, and one for the
: underlying stock. When you converted to the actual shares, record a sell
: of the warrants, and a purchase of the stock. The sum of this buy/sell
: should equal the amount you spent converting to the shares.

: Thanks,
: Mark
: --
: Mark Beiley
:
: Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP
:

Thanks Mark
Lang TU




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