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On 1st July 2021 the directors of Janice PLC decide to make a one-for-four rights issue of further 0.20 shares at a price of 1.70

On 1st July 2021 the directors of Janice PLC decide to make a "one-for-four" rights issue of further 0.20 shares at a price of 1.70 per share. What will be the total share capital after the rights issue? Assume all the new rights were subscribed by the shareholders. a. 120,000 b. 100,000 c. 618,000 d. 20,000

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