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QUESTION 2 [20] Ndebele Mining Ltd has recently made a rights issue of 1 million shares at a subscription price of R9.00
Posted: Sat Nov 27, 2021 5:36 pm
by answerhappygod
- Question 2 20 Ndebele Mining Ltd Has Recently Made A Rights Issue Of 1 Million Shares At A Subscription Price Of R9 00 1 (93.08 KiB) Viewed 61 times
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 answer.