Appu posted an Question
June 11, 2021 • 13:10 pm 1 points
  • UGC NET
  • Commerce

A ltd has a share capital of 5000 equity shares of rs100 each having a market value of rs150 per share .the company wants to raise additional funds of rs 1,20

A ltd has a share capital of 5000 equity shares of rs100 each having a market value of rs150 per share .the company wants to raise additional funds of rs 1,20000 and offers to the existing shareholders the right to apply for a new share at rs120 for every 5 share held what would be the value of right

1 Answer(s) Answer Now
  • 0 Likes
  • 1 Comments
  • 0 Shares
  • Priya gulani best-answer

    market value of share already held 5*150=. 750 add price to be paid for buying one share 120 total shares (6) = 870 average price 870/6= 145 value of right = market value - average price 150 - 145 = 5

whatsapp-btn

Do You Want Better RANK in Your Exam?

Start Your Preparations with Eduncle’s FREE Study Material

  • Updated Syllabus, Paper Pattern & Full Exam Details
  • Sample Theory of Most Important Topic
  • Model Test Paper with Detailed Solutions
  • Last 5 Years Question Papers & Answers