(Answered) A company has 15 million shares on issue and is planning a

Finance

A company has 15 million shares on issue and is planning a 1 for 5 rights issue at an issue price of $4.20. The market price of a share was $4.80 at close of trading, just before the rights announcement.

Calculate the total amount the company will raise from the right issue.

Calculate the theoretical ex-rights price per share immediately after the rights issue.

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