1. (a) Fitness Worlds, operates a chain of exercise facilities attachable with Great Eastern Insurance company programmed. The company appeals person who suffer from obesity problems and want to improve their health. Currently, the company has 8,000,000 shares outstanding at par value RM2 with a current market price of RM12. Calculate the price of Fitness World's share if the company decided to pay the dividend to shareholders as follows: i. A 20 percent share dividend. (2 marks) ii. A 4-for-1 share split (3 marks) (b) Nik Syak Dental Berhad has net income of RM3,000,000 and it has 2,000,000 outstanding common shares. The company's share currently trades at RM45 a share. Nik Syak is considering a plan where it will use available cash to repurchase 30 percent of its shares in the open market. The repurchase is expected to have no effect on either net income or the company's P/E ratio. Calculate the firm's new share price. (5 marks) 2. On 21 December 2016, Malaysia Building Society Bhd (MBSB) had proposed the merger through acquisition of Asian Finance bank (AFB) to Bank Negara Malaysia (BNM). AFB is a foreign financial institution which operated in Malaysia. Due to the global financial crisis starting from 2008, AFB was much affected and keep incurred losses year by year. Board of directors of MBSB were decided to take over the AFB in order to get the bank licensing. They went through a lot of process and effective by 2nd April 2018 all the operations of AFB are under control of MBSB and MBSB known as MBSB Bank Berhad. Based on the above case, briefly explain FIVE (5) motives of companies involving in this kind of practice. (10 marks)