Question
An investor currently owns 300 shares in Romulus & Remus Limited, which is an Australian firm currently trading on the ASX at a market price
An investor currently owns 300 shares in Romulus & Remus Limited, which is an Australian firm currently trading on the ASX at a market price of $5.61/share. Romulus & Remus is about to undergo a bonus issue of 8 shares for every 4 held by their investors. Assuming that the shares are still trading cum-bonus, complete the following statement about the investor's position in the firm once the bonus issued is completed.
The investor will now own ___________ that will be worth ___________ in total.
Select one:
a. 900 shares; $5049
b. 900 shares; $842
c. 600 shares; $5049
d. 600 shares; $1683
e. 900 shares; $561
f. 600 shares; $842
g. 600 shares; $561
h. 900 shares; $1683
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