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marayatano

11/03/06 2:18 PM

#21257 RE: jbones001 #21240

I don't think they will sell the factional share in the open market. That is why they "round down" to a share, i.e. 1.2 shares will become 1 share. 9.9 shares become 9 shares.

No taxes on fractions because it was rounded down.

Note: I am not a tax expert.