Question
Blissful Mining Ltd announced will be undertaking a rights issue to fund a $77M project. After the market announcement Blissful Petroleum shares were trading at
Blissful Mining Ltd announced will be undertaking a rights issue to fund a $77M project. After the market announcement Blissful Petroleum shares were trading at $3.03
Each new share will be issued at $2.54 and once the rights issue has been completed there will be a total 310M shares outstanding.
How many shares are on issue TODAY ?
Round your answer UP to the nearest WHOLE number.
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
