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. Dolly Limited has ordinary shares of 50 pence each and 6% preference shares of £1 each. The directors decide to issue 200,000 ordinary shares and 50,000 preference shares at par value for cash. How much cash is raised from this issue of shares?

£100,000 correct incorrect

£125,000 correct incorrect

£150,000 correct incorrect

£250,000 correct incorrect

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. Mollie Limited's share capital consists of ordinary shares of 25 pence each and 5% preference shares of 50 pence each. The directors of Mollie Limited decide to issue 300,000 ordinary shares at par value for cash. How much money are the directors trying to raise from this issue of shares?

£75,000 correct incorrect

£150,000 correct incorrect

£225,000 correct incorrect

£300,000 correct incorrect

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. Polly Plc has share capital made up of ordinary shares of 30 pence each and 4.5% preference shares of 50 pence each. How much cash could Polly raise by issuing both 3,000,000 ordinary shares and 1,000,000 preference shares at par value?

£4,000,000 correct incorrect

£3,000,000 correct incorrect

£1,400,000 correct incorrect

£900,000 correct incorrect

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