Question: There are three questions. Answer all three (3) questions. Question 15 5 pts ABC Company seeks to raise capital through a rights issue. The current

There are three questions. Answer all three (3) questions. Question 15

There are three questions. Answer all three (3) questions. Question 15 5 pts ABC Company seeks to raise capital through a rights issue. The current share price is $10.56.ABC is offering a 1 for 3 rights issue at $8. Calculate the theoretical ex-rights price. [5 marks]

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