Rights issue is the
COMMERCE
WAEC 2011
Rights issue is the
- A. individual's right to be issued shares n subscription
- B. right of shareholders to voteon issues
- C. preferntial right to returns on shares
- D. shares offered to existing shareholders at a cheaper price
Correct Answer: D. shares offered to existing shareholders at a cheaper price
Explanation
Right isues is an issue of shares offered at a special price by a company to its existing shareholders in proportion to their holding of old shares.
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