Willoughby Wooster plc has a total issued share capital of £ XXXXXXXXXXin 25p shares. The company decides to make a rights issue of 1 for 2 at a price of £2.70 per share. How much will the holder of...

Willoughby Wooster plc has a total issued share capital of £1 000 000 in 25p shares. The company decides to make a rights issue of 1 for 2 at a price of £2.70 per share. How much will the holder of 30 000 shares have to pay to take up the rights?

a) £40 500

b) £10 125

c) £20 250

d) £7 500.