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The Ordinary share capital of Safari International Company is 600,000 shares of 300 baisa each
The Ordinary share capital of Safari International Company is 600,000 shares of 300 baisa each. In the beginning of the year 2018 the company made a rights issue of 1 share for every 3 held at 400 baisa per share and this offer was taken up in full. Soon after the right issue the company made a bonus issue of 2 share for every 8 held. What will be the total number of shares issued by the company after the bonus issue? O a. 1,000,000 shares O b. None of these. O c. 800,000 shares O d. 750,000 shares Question 3
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