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How many new shares will be issued by xaz

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Reference no: EM132869101

XAZ Limited has announced a 1-for-10 renounceable right issue at $ 11.50 per share. The current share price is $12.16 and the company has 6 million shares.

Question 1: How many new shares will be issued by XAZ?

Question 2: What is the theoretical ex-rights price? show your answer to the nearest cent.

Reference no: EM132869101

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