Question
Thai Tanic Foods Limited plans to raise $13,000,000 via a 1 for8 rights issue with a subscription price of $2.9. The company'sshares are current trading
Thai Tanic Foods Limited plans to raise $13,000,000 via a 1 for8 rights issue with a subscription price of $2.9. The company'sshares are current trading at $5.8 per share. What is Thai TanicFoods theoretical ex-rights share price? (Work out your answer to 2decimal places)
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
