The conversion was at $9.43 per share. Tax liability was baseed on this price. Future capital appreciation will be tax free after the 5 year holding period.
Tommie, I found the link. MBI should be nicely tomorrow. This was the only cloud over MBI.
The price is up today on good earning news, but we're still trading at less than half of book value. The only way to see better results is for the company to start writing new business.
I hope they do it. They can start this morning at $9.20 per share.