Economics Homework Help
Economics Homework Help. Saudi Electronic University Financing for Expansion Scenario Discussion
Nadec Company owns 100 million shares and is currently trading at SAR 36 per share. To provide financing for expansion, Nadec decided to give investors exercises right to buy one additional share for every 3 shares owned in a 1:3. How much should each share be worth after the rights issue if they previously sold for SAR 45 each?
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