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5 A company's ordinary shares have a current market price of $2. The company is making a 2

5 A company's ordinary shares have a current market price of $2. The company is making a 2

5 A company’s ordinary shares have a current market price of $2. The company
is making a 2 for 5 rights issue at a price of $1.50.
What is the ex-rights price?
A $1.50
B $1.74
C $1.86
D $2.60

Johnson 10-Nov-2017

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