I calculated the theoretical rate a month ago at 9.5% without franking credits, and grossed up 13.6% with franking credits. That is without the 2.5% discount upon conversion. But my sums may have been wrong, and rates have changed since then.
post no 17778748
Bendigo replied with post # 17860017
cheers
Ann: Capital Raising Presentation correction-ELD.AX, page-57
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