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      Question

      Rights shares are given only to those shareholders who

      own the company’s shares on ……….
      A Vesting date Correct Answer Incorrect Answer
      B Record date Correct Answer Incorrect Answer
      C Grant Date Correct Answer Incorrect Answer
      D Exercise date Correct Answer Incorrect Answer
      E Offer date Correct Answer Incorrect Answer

      Solution

      In a rights issue, a cut-off date is fixed known as “Record Date” Rights shares are given only to those shareholders who own the company’s shares on the record date.

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