Question: QUESTION 2 [20] Ndebele Mining Ltd has recently made a rights issue of 1 million shares at a subscription price of R9.00 per share. The

QUESTION 2 [20] Ndebele Mining Ltd has recently made a rights

QUESTION 2 [20] Ndebele Mining Ltd has recently made a rights issue of 1 million shares at a subscription price of R9.00 per share. The objective was to raise funds to finance a new mining development. The ex-rights share price is R10.00. There were 6 million shares outstanding prior to the rights issue. What was the share price of Ndebele Mining prior to the rights issue? Show all steps leading to your

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