c) Pine Company Ltd is planning to market a new produce, New P. To finance the venture Pine proposes to have a rights issue at shs. 10/= of one new share for each two shares held The company currently has 100,000 shares outstanding with a market price of Shs.40/= pe share. Assume that the new funds are invested to earn the same rate of return as Pine's other assets Required: (i) Share price after 100% subscription of the issue. [6 marks] 2 (ii) Value of the right to buy one share. [3 marks)