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.
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RISSUE PG 242 MOCK 1 NUM 15
4y ago#1You asked this question 3 days ago and I replied to you 3 days ago:
https://opentuition.com/topic/mock-1-mcq-num-15-bpp/
Oh okay sir thank you.
4y ago#3You are welcome :-)
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