Question 3 (a) Adam Food currently has 1 million shares outstanding and decided for distribution of 15 percent share dividend to their shareholders. Compute the new total number of shares outstanding after after valuation of share dividend. (5 marks) (b) Calculate number of outstanding shares if the Fixcent Berhad has decided on a 4-for-1 reverse stock split. The firm currently has 2,000,000 shares outstanding. (4 marks) (c) Sarang's Company just sold a bond with 10 warrants attached. The bond has a 20-year maturity, an annual coupon rate of 12 percent and RM1,000 par value. The current yield on similar straight bonds is 15 percent. Compute the value of each warrant. (10 marks)