Image transcription text The following information applies to questions 61 and 62: Wasder Limited is

Image transcription text
The following information applies to questions 61 and 62: Wasder Limited is
raising capital through a 1-for—6 renounceable rights issue at $36. The
company has 11 million ordinary shares outstanding which were o…
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Image transcription text
Question 62 (2 marks); If an investor wishes to sell their rights rather than take
up the offer, how much can each right be sold for, to the nearest cent?
Answer:

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