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LING Holdings plans to sell 60,000 units, each unit consisting of a RM1,000 debenture and 15, 7-year warrants. Each warrant allows the holder to purchase

LING Holdings plans to sell 60,000 units, each unit consisting of a RM1,000 debenture and 15, 7-year warrants. Each warrant allows the holder to purchase one common-share at RM30. If the stock price goes to RM38 and all warrants were exercised, what is the total capital raised by LING? (10 marks)

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