CII J12 Practice Questions - CII J12 - Securities Advice And Dealing Exam

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A firm announces a 1-for-4 rights issue at an issue price of £2.00 per share. Prior to the announcement, the cum-rights share price is £3.00. What is the theoretical ex-rights price (TERP) per share?

£2.80 £2.50 £2.60 £2.20

Correct Answer:

£2.80

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