Amie Plc's Rights Issue Raises Cash of £5,000,000

question 5

Multiple Choice

Amie Plc's rights issue raises cash of £5,000,000. Share capital is credited with £1,500,000 and share premium is credited with £3,500,000. 10 million shares were issued in the rights issue. What was the rights issue price per share?

• A) 15 pence
• B) 30 pence
• C) 35 pence
• D) 50 pence

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, serving as the main control center for the body's functions and responses.

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