State Bank of India has declared a right issue for its existing shareholders
such that 1 share for every 4 shares will be issued at * 1,600 against its
market price of 2,200. Kirit has 200 shares. Find how much amount, he
has to invest to subscribe this right issue completely. Further, if he wishes to
sell all these share, later at market price of 2,400, find his expected sales.
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