An investor buys 200 preferred shares of DOE at a total cost of $8,000. Each preferred share is convertible into 5 DOE common shares. They are later converted into the common shares & the investor now holds 1,000 DOE common shares. Ignoring commissions, what is the ACB of each common share?

Answer rating: 100% (QA)

To find the Adjusted Cost Base ACB of each common share we can use the following calculations 1 Firs... View the full answer