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Hi, how do you solve this question? Could you also provide the full working please? Thank you. 9. The XYZ corporation intends to issue 100,000

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Hi, how do you solve this question? Could you also provide the full working please? Thank you.

image text in transcribed
9. The XYZ corporation intends to issue 100,000 new shares to raise funds for expansion of current plant facilities. The current share price is $20 and there are 300,000 shares outstanding. The number of shares needed to entitle the bearer to one right should be: a. 0.333. b. 3.000. c. 4.000. d. 6.333. e. indeterminate without the subscription price

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