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Jim Ltd makes a 1:6 rights issue at 4.10 followed by a 2:7 bonus issue. If pre-rights prices were 4.90 per share, and Jim is

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Jim Ltd makes a 1:6 rights issue at 4.10 followed by a 2:7 bonus issue. If pre-rights prices were 4.90 per share, and Jim is all-equity financed with 60,000 1NV shares in issue, then post issues, the share price to the nearest 1p would be: A) 3.96 B) 3.72 C) 3.38 D) None of these

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