Base KRW 500,000,000; adjustment 0%; A-value KRW 20,000,000; floor 88.745%; offer KRW 450,000,000
Assumed expected price KRW 500,000,000; floor KRW 445,976,000; offer exceeds floor by KRW 4,024,000The assumed price after subtracting A-value is KRW 480 million. Multiplying by 88.745% and adding back KRW 20 million gives a scenario floor of KRW 445,976,000. The offer's adjusted ratio is about 89.58%.