Al Rayan company's profit after tax for the year 31st December 2018 was RO 500,000. The comparative figure for the year 31st December 2017 was RO 200,000. The company's issued share capital on 1st January 2016 consisted of 40,000 ordinary shares. No shares were issued during the year 2017 but a 1 for 5 rights issue was made on 1st July 2018 at RO 0.600 per share and this was fully subscribed. The market value of the company's shares just before the rights issue was RO 1.600 per share. a. Calculate the total market value of shares. None of the listed choices OMR 4,800 OMR 68,800 OMR 64,000 b. Calculate the theoretical Ex-Rights price. b. Calculate the theoretical Ex-Rights price. None of the listed choices OMR 1.43 per shar OMR 1.0 per share OMR 2.0 per share