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  4. WAEC 2011
  5. Rights issue is the

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
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Correct Answer: Option D
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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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