[swati24502]

No, it is actually discount received from subsidiary

[swati24502]

Thankyou

[swati24502]

Actually this question is from pre September mock section B
And so there is no explanation of the answer.
The scenario is there is 100 million shares in issue .on 1st Jan there is 6% convertible loan notes $20m (20 shares for each $100). Then on 1st oct 1 for 4 rights issue.
Market price – $8.2 , rights issue at $7.5
Therefore TERP-8.06
Bonus fraction-1.017

So,
Will loan notes option will also have rights issue impact??
104*9/12*1.017=79
104+26 *3/12=32.5
Total-111.5

Is this correct?

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