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Finance
Power Bhd is considering raising new finance by a right issues of 2million new ordinary shares of RM0.50 each at RM1.60. Currently the share price is RM1.80 and the issued ordinary share capital is RM8million. Shareholders are entitled to 2 new shares for every 8 shares held. (a) How much will be raised by the new issues if issue cost are 3% of the gross proceeds? (b) What will be the theoretical...