Page 118 - F2 Integrated Workbook STUDENT 2019
P. 118

Chapter 5




               WAV calculation with a bonus issue

                Actual number of                n/12                 Bonus                  Total
                 shares in issue                                    Fraction

                 number of shares         months before                BF                     X
                before share issue        share issue/12

                 number of shares       months after share                                    X
                 after bonus issue            issue/12

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                                                                                            WAV

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