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Mercury plc has 100 million ordinary shares in issue trading on the stock market at 6.00 each. The company has decided to raise 127.5 million

Mercury plc has 100 million ordinary shares in issue trading on the stock market at 6.00 each. The company has decided to raise 127.5 million via a rights issue. The directors have decided to issue the new shares at a 15% discount to the current market share price. Which ONE of the following BEST describes the terms of the rights issue? a. 1 for 4 b. 1 for 5 c. 4 for 1 d. 3 for 14

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