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#무상증자 2 posts

Korean Bonus Issue Ex-Rights Price: Why 1:8 Cuts It to One Ninth

A bonus issue ex-rights reference price equals the prior close divided by (1 + bonus ratio). At 1:8 the quoted price drops to one ninth, but share count rises ninefold, so account value is unchanged.

EconomicsSep 9, 20265 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