ccc or ccco, page-46

How is it a discount? Isn't it a premium?

Head = 8.2cents
Oppies = 5 cents

So total cost of oppies = 5cents + extra 5 cents (for exercising), so 10cents.

Therefore, 10cent oppies (total cost) vs 8.2cent (heads), oppies at a premium?

In other words if they were on par, oppies would be worth current head price) 8.2c
minus (exercise cost) 5c
= 3.2cents
But they are selling at 5 cents, therefore, they're at a premium? I think that's how you work it out, that's just my common sense approach haha

Please correct me if I'm wrong, still learning