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Hi sir, I want to know how they got the additional shares of 200 from the question Tirwen plc _ dec 2004? Thank you.
I assume that you are referring to part (b) of the question.
The owner has 1,000 shares. There is a 1 for 5 rights issue and therefore they are entitled to take up 1/5 x 1,000 new shares.
Have you watched my free lectures on this? The lectures are a complete free course for Paper FM and cover everything needed to be able to pass the exam well.
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