A joint stock corporation (Pear) was established in 2010 by 87 shareholders with an equity capital of 100.000 TL. In 2017 Pear's shares have been offered to the publicc by one shareholders Anthony. Today Pear plans to increase its equity title statue states that after the capital is raised, 'the equity capital is 500.000TL which consists of 1.000.000 shares where value of each share is 0,50TL'. Currently each lot of shares of Pear trades at 10TL in Borsa stanbul. Pear sets the price of a share for the pre-emptive rights at the nominal value of the shares than the market value of those shares. (1 lot denotes 1 TL shres in Borsa stanbul).

4- How would you explain such a desicion (setting the price of a share for the pre-emptive rights at the nominal value of the shares rather than the market value of those shares) in terms of the benefits of shareholder?

5- How would you explain such a desicion in terms of the benefits of the corporation?