Question
Qantas has about 2.3 billion shares outstanding valued at $1.84 per share. Last year, my dad gave me 10,000 shares. If Qantas announces a 1for5
Qantas has about 2.3 billion shares outstanding valued at $1.84 per share. Last year, my dad gave me 10,000 shares. If Qantas announces a 1for5 rights issue with a subscription price of $1.30 and every shareholder including me participates in the issue, how will my ownership change?
I know that the my ownership will not change but I am wondering why my ownership will not change?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
