BAC purchases CFC @ .1822 shares of CFC for 1 share of BAC. What would happen if I owned 7 shares of CFC?

Question

This would be 1.2754 shares of BAC which equals 1 share of BAC. What happens to the remaining .2754? Do I get that back as cash or is it just out the window?

Answer 1

deending on where you hold your shares, they might give you a partial share to cover the remainder