Theoretical ex right value

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September 4, 2017 at 2:49 pm #405364
mdhashim
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Hello Mike kindly help me finding answer for this question
lyca mobiles makes a 2 for 3 right issue price of $2.the cumulative right price is 4 what is theoritical ex right price
Thank you
September 4, 2017 at 5:46 pm #405470
MikeLittle
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We had 3 worth $4 each = value $12

We bought 2 that cost $2 each = value $4

We now have $5 worth a total of $16 so each is theoretically worth $3.20

Rights fraction is $4 / $3.20 = 5/4

OK?
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