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Forums › ACCA Forums › ACCA FM Financial Management Forums › rights issue
Dear Sir,
the share price of CP plc is $4 per share
they announce a 1 for 5 rights issue at $ 3.10 per share
What percentage of the rights offered to the shareholder does the shareholder need to take up so as to have no net cash flow resulting from the issue?
Please do not ask the same question twice!! There is no point.
