Q. 41. The issued share capital of a company consists of 24,640 ordinary shares of £1 each. Half way through its financial year the company made a rights issue of 1 for 11 at an exercise price of £1.58 a share. The market value of the company's shares was £2.15 a share just before the rights issue.. The company reported a net profit after taxation for the year of £7,392. The market value of each ordinary share at the end of the year was £2.94. Calculate the theoretical ex-rights value per share_______________. Q.42 The issued share capital of a company consists of 2,217,600 ordinary shares of £1 each. Half way through its financial year the company made a rights issue of 1 for 11 at an exercise price of £1.88 a share. The market value of the company's shares was £2.23 a share just before the rights issue.. The company reported a net profit after taxation for the year of £887,040. The market value of each ordinary share at the end of the year was £3.08. The theoretical ex-rights value per share is £2.20, and the adjustment factor is 1.013253. Calculate the weighted average number of shares which will be used in the calculation of earnings per share for the year.____________. Q. 43 The issued share capital of a company consists of 73,920 ordinary shares of £1 each. Half way through its financial year the company made a rights issue of 5 for 8 at an exercise price of £1.51 a share. The market value of the company's shares was £2.12 a share just before the rights issue.. The company reported a net profit after taxation for the year of £14,784. The market value of each ordinary share at the end of the year was £2.26. The theoretical ex-rights value per share is £1.89, and the adjustment factor is 1.124439. The weighted average number of shares issued for the year is 101,619. Calculate, correct to the nearest whole number, the earnings per share which would be reported in the company's income statement for the year._____
Q. 41. The issued share capital of a company consists of 24,640 ordinary shares of £1 each. Half way through its financial year the company made a rights issue of 1 for 11 at an exercise price of £1.58 a share. The market value of the company's shares was £2.15 a share just before the rights issue.. The company reported a net profit after taxation for the year of £7,392. The market value of each ordinary share at the end of the year was £2.94. Calculate the theoretical ex-rights value per share_______________. Q.42 The issued share capital of a company consists of 2,217,600 ordinary shares of £1 each. Half way through its financial year the company made a rights issue of 1 for 11 at an exercise price of £1.88 a share. The market value of the company's shares was £2.23 a share just before the rights issue.. The company reported a net profit after taxation for the year of £887,040. The market value of each ordinary share at the end of the year was £3.08. The theoretical ex-rights value per share is £2.20, and the adjustment factor is 1.013253. Calculate the weighted average number of shares which will be used in the calculation of earnings per share for the year.____________. Q. 43 The issued share capital of a company consists of 73,920 ordinary shares of £1 each. Half way through its financial year the company made a rights issue of 5 for 8 at an exercise price of £1.51 a share. The market value of the company's shares was £2.12 a share just before the rights issue.. The company reported a net profit after taxation for the year of £14,784. The market value of each ordinary share at the end of the year was £2.26. The theoretical ex-rights value per share is £1.89, and the adjustment factor is 1.124439. The weighted average number of shares issued for the year is 101,619. Calculate, correct to the nearest whole number, the earnings per share which would be reported in the company's income statement for the year._____
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Q. 41.
The issued share capital of a company consists of 24,640 ordinary shares of £1 each.
Half way through its financial year the company made a rights issue of 1 for 11 at an exercise price of £1.58 a share.
The market value of the company's shares was £2.15 a share just before the rights issue..
The company reported a net profit after taxation for the year of £7,392.
The market value of each ordinary share at the end of the year was £2.94. Calculate the theoretical ex-rights value per share_______________.
Q.42
The issued share capital of a company consists of 2,217,600 ordinary shares of £1 each.
Half way through its financial year the company made a rights issue of 1 for 11 at an exercise price of £1.88 a share.
The market value of the company's shares was £2.23 a share just before the rights issue..
The company reported a net profit after taxation for the year of £887,040.
The market value of each ordinary share at the end of the year was £3.08.
The theoretical ex-rights value per share is £2.20, and the adjustment factor is 1.013253.
Calculate the weighted average number of shares which will be used in the calculation of earnings per share for the year.____________.
Q. 43
The issued share capital of a company consists of 73,920 ordinary shares of £1 each.
Half way through its financial year the company made a rights issue of 5 for 8 at an exercise price of £1.51 a share.
The market value of the company's shares was £2.12 a share just before the rights issue..
The company reported a net profit after taxation for the year of £14,784.
The market value of each ordinary share at the end of the year was £2.26.
The theoretical ex-rights value per share is £1.89, and the adjustment factor is 1.124439.
The weighted average number of shares issued for the year is 101,619.
Calculate, correct to the nearest whole number, the earnings per share which would be reported in the company's income statement for the year.___________.
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