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Q14- the current market price of a company's share is $30. the company is planning to make a 1 for 5 rights issue at a
Q14- the current market price of a company's share is $30. the company is planning to make a 1 for 5 rights issue at a subscription price of $25. you hold 100 shares at the time the rights issue is to be made. what will the ex- rights share price be?
a- $20
b-$16.67
c-$29.17
d-$19
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
