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18. Van Phat Hung Corporation (VPH, listed on HOSE) releases information on their coming issuance of share purchase rights to outstanding investors. Summary of the

18. Van Phat Hung Corporation (VPH, listed on HOSE) releases information on their coming issuance of share purchase rights to outstanding investors. Summary of the companys announcement is as below: - Type of shares: Common shares - Face Value: VND 10000 - Ex-date: Oct 31, 2017 (Tuesday) - Record-date: Nov 01, 2017 (Wednesday) - Issuing price: VND 10000 - Issuing ratio: 5:1 (01 outstanding share is equivalent to 01 share purchase right, and 05 share purchase right could be used to buy 01 new share under the coming issue) - Rounding rule: the number of new shares that investors could buy based on their outstanding shares and rights are rounded down to units before the decimal sign (for example: if the investor A has share purchase rights to buy up to 24.2 share, after rounding, he/she could buy 24 shares only) - Registration and payment for executing rights: Nov 07, 2017 Dec 04, 2017 a/ Determine VPHs market price on the ex-date, and the value of share purchase right. Given that: Payment process of Vietnams stock market is T+2 Closing price of VPH shares on Oct 30, 2017 is VND 12900 b/ Suppose that an investor A is holding 5000 VPH shares on Oct 26, 2017. Determine (1)-the number of new shares that A could buy, (2) value of all the rights A has, (3) -the amount of money that A has to pay VPH to execute all rights that A owns, for each of following cases (from b.1 to b.9): b.1. A continues to hold 5000 VPH shares until Dec 31, 2017 b.2. A sells 5000 VPH shares on Nov 08, 2017 (Wed.) b.3. A sells 5000 VPH shares on Oct 27, 2017 (Friday) b.4. A sells 5000 VPH shares on Oct 31, 2017 (Tue., ex-date) b.5. A sells 5000 VPH shares on Nov 01, 2017 (Wed., Record date) b.6. A buys 2000 VPH shares on Oct 30, 2017 (Mon.) b.7. A buys 3000 VPH shares on Oct 31, 2017 (Tue, ex-date) b.8. A sells 3000 VPH shares on Oct 30, 2017 (Mon.) b.9. A sells 5000 VPH shares on Nov 08, 2017 (Wed.) c/ Determine As investment profit by Dec 29, 2017 for each of cases listed above (b.1. b.9.),

Given that: VPH shares closing price on Dec 29, 2017 is VND 11250; A sells all his VPH shares on Dec 29, 2017 with closing price; A did not place any other buy/sell orders between Oct 26 and Dec 28, except for orders specified in above cases (b.1 to b.9)

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