The Ordinary share capital of an Aswan Company SAOG is 200,000 shares of 250 baisa each. In the beginning of the year 2018 the company made a rights issue of 1 share for every 2 held at 400 baisa per share and this offer was taken up in full. Soon after the right issue the company made a bonus issue of 2 shares for every 5 held. What will be the total number of shares issued by the company after the bonus issue?

a.

420,000 shares

b.

300,000 shares

c.

None of these.

d.

380,000 shares