Question 6 (a) Astha Corporation has decided to capitalise accumulated reserves through a bonus issue of one new share for five existing shares. The shares of Astha Corporation are currently trading at a price of $4.35 per share. You are required to calculate the theoretical ex-bonus share price of Astha Corporation. (b)You are a shareholder in Ethal Corporation. Ethal Corporation shares are trading in the market at $6.20. Ethal Corporation today announced a renounceable rights issue offer which provides you with a right to subscribe for one new share at $6.00 for each three shares that you hold. Calculate the price of the right and the theoretical ex-rights share price