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Jupiter Stores Ltd ( JSL ) has decided to raise new capital by making a placement of ordinary shares to Gipps Capital Ltd ( GCL

Jupiter Stores Ltd (JSL) has decided to raise new capital by making a placement of ordinary shares to Gipps Capital Ltd (GCL). The placement increases the number of JSL shares on issue by 11% and is made at a discount of 4% to the JSL market price.
GCL makes a capital gain that is closest to:
(A)3.75%
(B)4.00%
(C)6.73%
(D)7.00%
Group of answer choices
B
A
C
D

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