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Opa Limited has the following capital structure:
Ordinary share capital – 200,000 shares of 50k each – N100,000
Share Premium Account – N150,000
The company made a rights issue of 1 for 5 at N1.50, which was fully subscribed.
Determine the value of the rights issue.
A. N40,000
B. N50,000
C. N60,000
D. N70,000
E. N75,000
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Opa Limited has the following capital structure:
Ordinary share capital – 200,000 shares of 50k each – N100,000
Share Premium Account – N150,000
The company made a rights issue of 1 for 5 at N1.50, which was fully subscribed.
Determine the value of the rights issue.
A. N40,000
B. N50,000
C. N60,000
D. N70,000
E. N75,000
Find Related Questions by Tags, levels, etc.
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