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Jumpjet plc has 6,000,000 ordinary shares in issue and the company has been making regular annual profits after tax of 3,000,000 for some years. The

Jumpjet plc has 6,000,000 ordinary shares in issue and the company has been making regular annual profits after tax of 3,000,000 for some years. The share price is 5. A proposal has been made to issue 2,000,000 new shares in a rights issue, at an issue price of 4.50 per share. Calculate the TERP

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