Delta NV has share capital of $l m in shares of $$0\mathrm{.}25$ each. At $31$ May $2009$ shares had a market value of $$1\mathrm{.}1$ each. On $1$ June $2009$ the company makes a rights issue of $1$ share for every $4$ held at $$0\mathrm{.}6$ per share. Its profits were $$500,000$ in $2009$ and $$440,000$ in $2008.$ The year$-$end is $30$ November.

Required:

Calculate

$($a$)$ the theoretical ex$-$rights price;

$($b$)$ the bonus issue factor;

$($c$)$ the basic earnings per share for $2008$;

$($d$)$ the basic earnings per share for $2009.$