June 2013 Qn 4 — OpenTuition Forums

Wwilder5y ago

Hi, Question relating to June 2013 Qn 4 b The new shares issued as per the examiners answer is 1,320,000 shares. shouldn't it be $3,300,000/$2.50 = $1,320,000 and then divide it by the par value $0.5 to give 2,640,000 new shares. Please clarify Regards

Wwilder5y ago#1

Hi, Please disregard the above question. I was clearly mixing up things, but now i understand ! Thanks

John MoffatTutor5y ago#2

I am pleased that you are now clear :-)

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