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NEW QUESTION: 1
A company plans to raise $12 million to finance an expansion project using a rights issue.
Relevant data:
* Shares will be offered at a 20% discount to the present market price of $15.00 per share.
* There are currently 2 million shares in issue.
* The project is forecast to yield a positive NPV of $6 million.
What is the yield-adjusted Theoretical Ex-Rights Price following the announcement of the rights issue?
A. $9.00
B. $11.00
C. $14.00
D. $16.00
Answer: D
Explanation:
Explanation
Calc_Set3

NEW QUESTION: 2
You are configuring budgets for your organization. Your organization uses a scientifically calculated, predefined percentage of direct expenses for each of its departments.
You need to define these percentages so that the budget automatically allocates to these departments from the main accounts.
What should you configure?
A. Budget control rules
B. Budget allocation terms
C. Budget period allocation keys
D. Budget transfer rules
Answer: A

NEW QUESTION: 3
In comparing the U.S. banking system and foreign banking systems, which of the following statements is true?
A. Most foreign banking systems do not have central banks.
B. Foreign banking systems typically have more financial institutions than the U.S.
C. Many foreign banking systems allow notional pooling and U.S. banks do not.
D. Foreign banking systems are not permitted to own equity investments in corporations and U.S. banks are.
Answer: C