Koppen Ltd Has Just Raised $1 Billion by an Issue

question 8

Multiple Choice

Koppen Ltd has just raised $1 billion by an issue of converting preference shares on the following terms:
An investor,W.Street,currently owns 500 000 Koppen Ltd CPS.If the ordinary share price immediately prior to conversion is expected to be $2.00 per share,calculate the number of ordinary shares that W.Street expects to receive on conversion.

• A)625 000 ordinary shares.
• B)6 250 000 ordinary shares.
• C)12 500 000 ordinary shares.
• D)1 250 000 ordinary shares.

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Definitions:

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The act of rewording or rephrasing text or speech to clarify meaning or provide variation, while retaining the original message.

Nonverbal Cues

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The study of reasoning and argumentation in seeking to understand and analyze the principles that govern thought and rationality.