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A coripany has 1000 ordinary shares in issue, each issued at R2,50. The company wishes to offer its shareholders 1 share for every 4 shares

A coripany has 1000 ordinary shares in issue, each issued at R2,50. The company wishes to offer its shareholders 1 share for every 4 shares held at an issue price of R.4. The current market price immediately before the issue is R5. All shareholders accepted the offer by the last day of the offer. Calculate the number of shares to be issued. A. 300 B. 250 C. 4 D. 200

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