What is the cost of the nil paid rights

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Question - On 25 February 2018, Jane bought 2 500 ordinary shares in XYZ Ltd at a cost of $8 125. At that time, the company made a 1 for 25 rights issue at $2.50 per share and Jane decided to buy the shares to which she was entitled. What is the cost of the nil paid rights is closest to?

Reference no: EM133068047

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