Homework Answers
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| Basic EPS | = | Net profit distributable to Equity shareholders / Weighted average No of Equity share | |
| EPS for the year ended 31st December,2014 | = | 2100000 / (5000000*1.07*6/12+6000000*6/12) | |
| = | $ 0.37 per Share | ||
| Workings: | ||
|
(Fair Value of all outstanding shares immediately prior to exercise of rights + Total amount received from exercise) / (No of Shares outstanding prior to issue + Number of shares issued in the exercise) |
||
| 1 | Computation of Ex theoretical Ex-Rights fair value per share | |
| = | 28000000 / 6000000 | |
| = | $ 4.67 | |
| 2 | Computation of adjustment Factor | |
| = | (Fair value per share prior to exercise rights) / (Theoretical ex-rights value per share) | |
| = | 5 / 4.67 | |
| = | 1.07 | |
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