1. Ex-dividend price of a co.

declared only cash dividend:

=closing market price on last spot trade/ [1+ (dividend income/ closing market price on last spot
trade]

2. Ex-dividend price of a co. declared both stock and cash dividend:

=closing market price on last spot trade/ [1+ {stock dividend in %+ (dividend income/ closing
market price on last spot trade}]

3. Ex-dividend price of a co. declared right offer:

( Existing no . of shares×last closing price )+(Offered no . of shares×Offer price)

P=
Total no. of shares outstanding after right issued

Or,
If a co. offered 1r:5 for a offer price of 300 tk (premium 200 tk) , whose market price is 1500 taka
(1/5)∗(Market price-Offer price )
Then value of right= 1+(1/5)
Ex right price= 1500- value of right