weighted average shares

Hello Mr Chris, Thanks for help, in the following question why in kaplan answers they took the average of the market prices of $1.5 and $1.8 why the value 5 m into 1.8 and 1 m into 1.5 why chosen it like that . I could not understand their way which was: A $1.35 TERP 5 × 1.8 = 9.0 1 × 1.5 = 1.5 10.5 / 6 = $1.75 Shares '000 5,000 × 5/12 × 1.8 / 1.75 2,143 6,000 × 7/12 3,500 5,643 EPS = 7,600 / 5,643 = $1.35 ------------------------------------------------------------------------------------------------------------------------------ At 1 January 20X8 Artichoke Co had 5 million $1 equity shares in issue. On 1 June 20X8 it made a 1 for 5 rights issue at a price of $1.50. The market price of the shares on the last day of quotation with rights was $1.80. Total earnings for the year ended 31 December 20X8 was $7.6 million. What was the earnings per share for the year? A $1.35 B $1.36 C $1.27 D $1.06 Thanks,