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capital adjustments for a share are described below. The last sale price is immediately after...

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Finance

capital adjustments for a share are described below. The last sale price is immediately after the shares have gone ex the event described in the final column. For example, the price of $18.00 at the end of June is the share price ex-bonus-issue. Date End of Last Sale Price Details of Event Affecting Price March $20.00 April $20.00 ex 1:5 rights issue at $15.00 May $16.00 ex a dividend of 50 cents per share June $18.00 ex 2:10 bonus issue Based on the information in the above table: (a) Calculate the monthly rate of returns (%), from holding the share over the one-month periods: (i) from the end of March to the end of April (3 marks) (ii) from the end of April to the end of May (3 marks) (iii) from the end of May to the end of June (3 marks)

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