Question 29 Not yet Marted out of 200 Al Rapha company's profit after tax for the year 31st December 2018 was R 500,000. The comparative figure for the year 31st December 2017 was RO 300,000. The company's issued share capital on 1st January 2016 consisted of 140,000 ordinary shares. No shares were issued during the year 2017 but a 1 for 4 rights issue was made on 1st July 2018 at RO 0.500 per share and this was fully subscribed. The market value of the company's shares just before the rights issue was RO 1500 per share. a. Calculate the total market value of shares fuggestion OMR 227,500 OMR 17500 None of the listed choices OMR 210,000 b. Calculate the theoretical Rights price 30 company's shares just before the rights issue was RO 1.500 per share. a. Calculate the total market value of shares. b. Calculate the theoretical Ex-Rights price. OMR 1.0 per share OMR 1.3 per shar OMR 2.0 per share None of the listed choices