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Corporation XC Pty Ltd has decided to capitalise accumulated reserves through a bonus issue of one new share for six existing shares. The shares of

Corporation XC Pty Ltd has decided to capitalise accumulated reserves through a bonus issue of one new share for six existing shares. The shares of XC Pty Ltd are currently trading at a price of $4.50 per share. You are required to calculate the theoretical ex-bonus share price of XC Pty Ltd.

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