Replies to post #743899 on Mr Cooper Group Inc fka COOP

[BBANBOB]

I do it's pretty simple really, WHAT EVER P's get, K's get 1/40th aint hard math really, they are a DIRECT SUB SET OF THE P's at a 40/1 ration and were convertible to a P at a 40/1 ratio

[xoom]

RD.
Face value for P was $1000
Face value for K was $25
Now to convert from one type to the other, we need a ‘factor’.
Simple Division :
1000 / 25 =40
This is the 40 you hear so often.
So 1P equals 40 K’s