alleryStart learning →SPAC shares redeemable at USD 10 averaged USD 3.85 post-merger. About what fall is that?
AOver 60%
BAbout 38%
CAbout 26%
DUnder 10%
Answer & Solution
Correct answer: A. Over 60%
(10 minus 3.85) divided by 10 is 61.5 percent, a fall of over 60 percent.
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