Dear All,
Assume that a security ABC's total traded quantity is 10000.
I own 1000 shares.
say on 2.3.2009 I place sell order for 1000 shares with Normal as settlement type. The company ABC announces the record date for their bonus as 3.3.2009. I believe the 1000 shares will not be in my account and neither on buyer's account. In this case what will happen to the bonus.
As per traded quantity if the bonus is for 1 unit for every 2 unit held,the total trade quantity would go up by 15000. Taking into consideration of the above case,what will happen to that 1000? How it will affect the total traded quantity after bonus is issued?
Neevarp