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Question

15-3)
Associated Breweries is planning to market unleaded beer. To finance the venture, it

proposes to make a rights issue with a subscription price of $10. One new share can be purchased for every two shares held. The company currently has outstanding 160,000 shares priced at $70 a share. Assuming that the new money is invested to earn a fair return, give values for the following:

a.Number of new shares. 

  Number of new shares   

b.Amount of new investment. 

  New investment$    

c.Total value of company after issue. 

  Value of company$    

d.Total number of shares after issue. 

  Total number of shares   

e.Share price after the issue. 

  Share price after issue$   

 
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