I calculate that at 1.26 share price for TIM, equivalent rate of...

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    I calculate that at 1.26 share price for TIM, equivalent rate of return for TIMPB to Sep09 is now 69% per annum. I also calculate that the TIM share price can drop to 26 cents per share before buying TIMPB is a losing trade. Some hedging using CFD's on TIM can remove this risk. I am happy to send my calculations if you leave your email address.

 
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