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QUESTION 3 1. PCP Pic needs to raise 20m and has decided to do it via a rights issue. Its current share price is 5,

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QUESTION 3 1. PCP Pic needs to raise 20m and has decided to do it via a rights issue. Its current share price is 5, and it considers a rights issue price of 4 is appropriate. The current market capitalisation of the company before the rights issue is 100m. To raise the full 20m what form must the rights issue take? A. 1 for 4 B. 1 for 1 C. 1 for 3 D.1 for 2 E. 1 for 5

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