How much money will bioshock ltds rights issue raise

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Question - On 15 February 2020, the share capital of Bioshock Ltd consists of 100,000 ordinary shares, issued for $5 each and paid in full. On that date, the directors of the company announce a 2 for 5 rights issue. Each share issued under the rights scheme costs $6.If all shareholders exercise their rights in full and if there are no costs to the rights issue, how much money will Bioshock Ltd's rights issue raise?

Reference no: EM132528177

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