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The following information applies to questions 61 and 62: Wasder Limited is raising capital through a 1-for-6 renounceable rights issue at $36. The company

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The following information applies to questions 61 and 62: Wasder Limited is raising capital through a 1-for-6 renounceable rights issue at $36. The company has 11 million ordinary shares outstanding which were originally issued at $1.64 but now trading at $45. Question 61 (2 marks): Calculate the theoretical share price, to the nearest cent, following the rights issue. Answer: Question 62 (2 marks): If an investor wishes to sell their rights rather than take up the offer, how much can each right be sold for, to the nearest cent? Answer:

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