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Amcor Inc is currently trading at $5 per share with 2.2 billion shares on issue. It announces a 2 for 6 renounceable rights issue with

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Amcor Inc is currently trading at $5 per share with 2.2 billion shares on issue. It announces a 2 for 6 renounceable rights issue with a subscription price of $3 per share. Mike owns 0.8% of Amcor and decides to sell the rights and keep the sales proceeds. What is the change to Mike's wealth and voting power in comparison to the scenario where Mike exercises the rights? (Assume all rights are exercised and ignore other pricing factors; round to the nearest 2 digits) More than one of the other statements is correct. None of the other statements is correct. Mike's wealth will be reduced by $3.52 million, whereas his voting power will remain the same. Mike's wealth will remain the same, whereas his voting power will decrease. Both Mike's wealth and voting power will remain the same. Julie is asked to evaluate whether it would be better to lease an asset or to borrow money from the bank to buy the asset, for a potential project. The NPV from the project is calculated to be $2,000. The NPV for the lease versus borrow to buy analysis is calculated to be $2500. Which of the following statements best describe the decision that should be made? Julie should not invest the project at all because the total NPV is $500. None of the other statements is correct. Julie should invest the project and borrow to buy the asset as this will increase her wealth. More than one of the other statements is correct. Julie should invest the project and lease the asset as long as the lease payment is less than $2,500

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