Question

Muscat insurance LLC has issued 700,000 equity shares @ OMR 0.500 baize with a current market value of OMR 2.500 per share. It made the rights issue of 1 for 5 shares at an offer price of OMR 1.300. If only 60% of the offer is taken up by the shareholders, how much amount has the company raised through the right issue?​

Answer 1

Explanation:

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