Aquafina Company has 500,000 OMR 1 common shares as on 31 July 2018.The company makes a right issue by offering 1 new share for every 3 shares held, at OMR 1.20 each. Assuming bank to have a balance of RO 150,000 before the issue. Calculate the amount of right shares.

Aquafina Company has 500,000 OMR 1 common shares as on 31 July 2018.The company makes a right issue by offering 1 new share for every 3 shares held, at OMR 1.20 each. Assuming bank to have a balance of RO 150,000 before the issue. Calculate the amount of right shares.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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Plz solve it’s timed !!

Aquafina Company has 500,000 OMR 1
common shares as on 31 July 2018.The
company makes a right issue by offering 1
new share for every 3 shares held, at OMR
1.20 each. Assuming bank to have a
balance of RO 150,000 before the issue.
Calculate the amount of right shares.
OMR 200,000
O OMR 300,000
OMR 400,000
None of these

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