MOCK Ex-rights value of shares

This topic has 2 replies, 3 voices, and was last updated 11 years ago by John Moffat.

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May 14, 2015 at 8:37 pm #246008
Moses
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Share price is $4, issues 1 for 5 rights at $3.10

Answer is given as $0.15 yet I think it should be $0.75

I.e 5×4 = 20
1×3.1 3.1
=23.1/6 = 3.85
3.85-3.1= $0.75
May 15, 2015 at 2:40 am #246040
jonyrazib
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Hey bro .75 is for 5 existing share !! so .75/5 =.15
May 15, 2015 at 8:54 am #246072
John Moffat
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jonyrazib is correct!
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