8. Guinness Ghana Ltd. makes a rights issue at a subscription price of GHS5 a share. One new share can be purchased for every five shares held. Before the issue there were 10 million shares outstanding, and the share price was GHS6. Suppose that the company now decides to issue the new stock at GHS4 instead of GHS5 a share. How many new shares would it have needed to raise the same sum of money? f) What is the expected stock price under this new arrangement after the rights are issued? g) If you take up your rights issue under this new arrangement, what will be your total wealth after the issue is completed? h) Which arrangement makes you better off: the first, the second, or neither?