June 2013 Qn 4

This topic has 2 replies, 2 voices, and was last updated 5 years ago by John Moffat.

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August 31, 2020 at 5:24 pm #582897
wilder
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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
September 1, 2020 at 2:16 am #582932
wilder
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Hi,

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

Thanks
September 1, 2020 at 8:31 am #582958
John Moffat
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I am pleased that you are now clear 🙂
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