QUESTION 6 M Inc has issued 1 right share for every 5 shares held on 1st May 2017. The relevant information relating to basic EPS computation is as follows: Particulars 2016 2017 No. of ordinary shares (in Million) 500 600 Net Profit for the year (in Million $) 800 900 Share price as on 30.4.2017 ($) 20 Exercise price of the right ($) 12 . Find the THEORETICAL VALUE (EX-RIGHT PER SHARE)