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#권리락 2 posts

Rights Offering Ex-Rights Price: The Two-Number Formula

The theoretical ex-rights drop in a Korean shareholder-allocation rights offering equals allocation ratio × discount rate ÷ (1 + allocation ratio). Samsung Biologics' terms — 0.039 and 15% — produce 0.57%.

EconomicsAug 28, 20266 min

Bonus Issue Ex-Rights Math: A 30% Ratio Cuts the Base Price 23%

The ex-rights base price for a bonus issue is the last cum-rights close divided by (1 + allotment ratio). Here is why a 0.3-share ratio drops the base price 23.1%, with the decline rate calculated for every common ratio.

EconomicsAug 27, 20267 min