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Please faster , help me guys . Thank you i will give thumbs up. c. Jacob Bhd plans to raise a capital of RM 45
Please faster , help me guys . Thank you i will give thumbs up.
c. Jacob Bhd plans to raise a capital of RM 45 million through right issues. Presently, the company common stocks are selling at RM 4.00 per share. The company's management has agreed to set the subscription price at RM 3.00 per share. Below is Jacob's partial balance sheet before the right issue. Common Stock (RM 1 par value) RM 45,000,000 Premium RM 20,000,000 Retained Earnings RM 30,000,000 Total Equity RM 95,000,000 i. How many new shares will be issued if all rights were exercised? (2 marks) ii. How many rights are required to buy a new share? (3 marks) iii. Calculate the value of rights when the shares sell rights-on. (3 marks) iv. Calculate the ex-right price of Jacob shares. (3 marks) v. What could be the value of one right, ex-rightStep by Step Solution
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