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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

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

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