XTC is planning a 1 for 4 rights issue at a 20 per cent discount to the

Question:

XTC is planning a 1 for 4 rights issue at a 20 per cent discount to the current market price of £2.50. If investors wish to sell their ‘rights per existing share’, how much should they sell them for?

(a) 10p

(b) 20p

(c) 30p

(d) 40p

(e) 50p

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