T Ltd has 25 million ordinary shares of $0.5 per share. These shares are currently valued on

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T Ltd has 25 million ordinary shares of $0.5 per share. These shares are currently valued on NASDAQ at $3.70 per share. The directors have decided to make a one-for-three issue at $3.40 per share.

Required: Calculate

(1) the theoretical ex-rights price, and

(2) the value per share of the rights offer.

Related Book For answer-question

Engineering Economics

ISBN: 9780195168075

4th Edition

Authors: Ted G. Feller

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Posted Date: Nov 01, 2020 08:25 AM

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T Ltd has 25 million ordinary shares of $0.5 per share. These shares are currently valued on

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1 Theoratical value of rights off... View the full answer

Engineering Economics

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