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What the investor will now own

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Reference no: EM132939132

In investor currently owns 600 shares in Romulus & Remus Limited, which is an Australian firm currently trading on the ASX at a market price of $5.47/share. Romulus & Remus is about to undergo a bonus issue of 10 shares for every 4 held by their investors. Assuming that the shares are still trading cum-bonus, complete the following statement about the investor's position in the firm once the bonus issued is completed.

Problem 1: The investor will now own ___________ that will be worth ___________ in total.

a. 2100 shares; $1313
b. 2100 shares; $3282
c. 2100 shares; $938
d. 1500 shares; $11487
e. 2100 shares; $11487
f. 1500 shares; $1313
g. 1500 shares; $938
h. 1500 shares; $3282

Reference no: EM132939132

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