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Company WS has 120 000 shareholders, who each own 60 shares in the business. The company is looking to raise equity finance and is considering
Company WS has 120 000 shareholders, who each own 60 shares in the business. The company is looking to raise equity finance and is considering offering a 1.4 rights issue to its existing shareholders. The issue price is 90p. If 75% of the company's shareholders decide to exercise this right in full and the remaining 25% decide not to exercise this right at all, how many shares will WS have in issue after this rights issue?
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