Question
An Australian company, OzCPY has made a renounceable rights issue offer to their existing shareholders. The share price when announcing the rights was $32.65 and
An Australian company, OzCPY has made a renounceable rights issue offer to their existing shareholders. The share price when announcing the rights was $32.65 and the firm's current ordinary share price is $33.65 and the 2-for-9 pro-rata issue has an offer price of $31.51.
What is the theoretical ex-rights share price of the firm?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
