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In 20x0, Chitchat Ltd issued 1M shares @ $1/ - per share in its IPO. In a subsequent issue in 201 it sold 1M shares

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In 20x0, Chitchat Ltd issued 1M shares @ $1/ - per share in its IPO. In a subsequent issue in 201 it sold 1M shares @ $2/ per share. In 202 it issued* a fully subscribed and paid 1-for-1 rights issue @ $3/ - per share. In 203, it splitthe outstanding shares into 2 -for-1 shares. What is the share capital and number of shares issued after the share split? Choose one of the following answers. 8M shares \& $9M in share capital 8M shares \& $8M in share capital 8M shares \& $4.5M in share capital 4M shares \& $9M in share capital

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