Theoretical price of the share after the bonus issue

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AGL Energy Limited has declared a $0.33 cents per share dividend, payable in one month. At the same time the company has decided to capitalize reserves through a one-for-three bonus issue. The current share price at the close of business on the final cum-dividend date is $16.15. Calculate the theoretical price of the share after the bonus issue and the dividend payment have occurred. 8. Alumina Limited has a share price of $2.82. The company has made a renounceable

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