PQR SAOG Company has in issue 600,000 OMR 1 equity shares with a current market value of RO 5 each. It offers a rights issue of 5 for 20 shares at an offer price of RO 3. Assuming that if 80% of the offer is taken by the shareholders, how many numbers of right shares will be issued by the company? a. 360,000 b. 120,000 c. 450,000 d. 150,00

PQR SAOG Company has in issue 600,000 OMR 1 equity shares with a current market value of RO 5 each. It offers a rights issue of 5 for 20 shares at an offer price of RO 3. Assuming that if 80% of the offer is taken by the shareholders, how many numbers of right shares will be issued by the company? a. 360,000 b. 120,000 c. 450,000 d. 150,00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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