RUReady Ltd Wishes to Raise $20 Million

question 26

Multiple Choice

R.U.Ready Ltd wishes to raise $20 million.If the subscription price is $5, the current share price is $7.50, and there are 8 million shares outstanding, what will be the terms of the rights issue?

• A)A 1-for-1 issue
• B)A 1-for-2 issue
• C)A 1-for-4 issue
• D)A 1-for-5 issue
• E)None of these.

---

Definitions:

Modified Skills

Adapted or improved abilities developed through training or experience.

Personal Goals

Individual objectives or ambitions that a person aims to achieve, which can range from career aspirations to personal development targets.

Career Path

The progression or sequence of job positions through which an individual moves in an organization.

Job

A set of tasks or duties performed by an individual in exchange for payment or other compensation; a position of employment.