- This topic has 1 reply, 2 voices, and was last updated 5 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
The share price of CP Plc is $4 per share. they annouce a 1 for 5 rights issue at $3.10 per share.
What % of the rights offered to a shareholder does a shareholder need to take up so as to have no net cash flow resulting from the issue?
Answer given is 19.48%
Kindly explain how is it calculated.
P.S I am unable to view the mock exam screen fully and some options are down but i cannot scroll down the window on that page. I have ried zoom out also but it didnt help.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.