Laursen plc has announced a 1 for 3 rights issue at a subscription price of £2. The current price of the shares is £3.04. What is the theoretical value of the right per existing share? a.  £0.78 b.  £0.35 c.  £0.26 d.  £2.78

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14. Laursen plc has announced a 1 for 3 rights issue at a subscription price of £2. The current price of the shares is £3.04.

What is the theoretical value of the right per existing share?

a.  £0.78

b.  £0.35

c.  £0.26

d.  £2.78

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