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Sir
when examiner ask
“what % of rights could I take up in order for there to be no change in my cash balance” , referring back to your example 2Can we do it this way
‘
taking the “value of a right” we divide it by “vlaue of share after rights issue” (ex-right m.v)like in your example 1.50 (value of a right) / 7.50 (ex-right m.v)
effectively got 20% instead of doing the balancing figure like you didwill I get the same answer to all questions asking same thing? :p
clear me Sir because I think this way is the quickest one for MCQ (if examine) 🙂Yes – that is fine and will always work.
(For MCQ’s it will be quicker, but just do make sure you understand in case more is asked about it in Section B)
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