The point was made that issuing new shares at below their current worth was to the advantage

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The point was made that issuing new shares at below their current worth was to the advantage of the new shareholders at the expense of the old ones. In view of this, does it matter that rights issues are always made at below the current value of the shares?

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Accounting An Introduction

ISBN: 9780273733201

5th Edition

Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan

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