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RISSUE PG 242 MOCK 1 NUM 15

This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.

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April 23, 2022 at 7:21 am #654313
Shi2004
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Drumlin co has $5m of 0.50 nominal value of ordinary share in issue. It recently announced a 1 for 4 rights issue at 6$ per share. Its shares price on the announcement of rights issue was $8 per share.
What is the terps of a right per existing share?
Plz help sir.
April 24, 2022 at 6:28 pm #654358
John Moffat
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You asked this question 3 days ago and I replied to you 3 days ago:
https://opentuition.com/topic/mock-1-mcq-num-15-bpp/
April 25, 2022 at 11:01 am #654393
Shi2004
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Oh okay sir thank you.
April 26, 2022 at 10:15 am #654433
John Moffat
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You are welcome 🙂
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