Question on: JAMB Accounting - 2019
Shares that are offered to existing shareholders at a price is called
A
par
B
premium
C
right issue
D
bonus issue
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Correct Option: C
A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares, in a public company, it is a non-dilutive pro rata way to raise capital. Wikipedia
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