Matthews PLC is an all equity company with 600,000 ordinary shares issued and a total market capitalization of 75 million. Matthews PLC intends to go for a one-for- five rights issue to raise 9 million for an intended expansion. There are two main institutional investors in Matthews PLC, as well as some individual investors who have small shareholdings. Daniels Trust is the largest institutional investor and owns 295,000 ordinary shares in Matthews PLC and they intend to take up their full entitlement of new shares under the rights issue. Richardsons Investments is the second largest institutional investor and owns 220,000 shares. Richardsons Investments have decided not to take up their entitlement under the rights issue. Daniels Trust is interested in purchasing the rights to buy the shares issued under the rights issue from Richardsons Investments. (A) What is the market value of each existing share in Matthews PLC? (B) What is the number of new shares that Matthews PLC intends to issue under the rights issue? (c) At what price is Matthews PLC intending to offer each share in the rights issue? (D) What is the discount on the new shares vis--vis existing shares in both monetary and percentage terms? (E) What will be the likely market capitalization of Matthews PLC after the rights issue? (F) What will be the theoretical ex-rights price of each share? (G) What will be the total value of the rights to Daniels Trust's new shares? (H) What will be Richardsons Investments' percentage holding of Matthews PLC both before and after the rights issue, assuming that Richardsons Investments do not take up their entitlement to the rights? (1) What will be the value of rights to each of Richardsons Investments' existing shares? (J) If Richardsons Investements were to sell the rights to purchase their shares under the new issue to Daniels Trust, what is the theoretical sum that Richardsons Investments would receive from Daniels Trust? (K) How would the proportion of Daniels Trust's shares as a percentage share of Matthews PLC change as a consequence of taking up their own rights and purchasing rights to Richardsons Investments' entitlement to shares from the new issue