Question
YYY shares are trading at $10.00. YYY today announced a renounceable rights issue offer which provides you with a right to subscribe for one new
YYY shares are trading at $10.00. YYY today announced a renounceable rights issue offer which provides you with a right to subscribe for one new share at $8 for each four shares that you hold.
Calculate the price of the right
Calculate the theoretical ex-rights share price.
Use formula and show working no excel.
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
