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  • fastcolor fastcolor Dec 16, 2012 1:59 PM Flag

    8cent arbitrage on the TO expiration?

    Yes, 25% was too high, your "corrected" return of 10% is the annualized return of a 0.2% absolute return realized for one week (0.2 x 52 = 10.4). Assuming the deal goes through, the 10% annualized return is better than putting it in a bank account! In this particular deal it's possible to get a payout this Friday (the day after the tender expires), but it may not happen till sometime around Christmas. Good luck!