Again, Inc., is proposing a rights offering. Presently, there are 600,000 shares outstanding at $63 each. There will be 150,000 new shares offered at $55 each.
Again, Inc., is proposing a rights offering. Presently, there are
600,000 shares outstanding at $63 each. There will be 150,000 new shares offered at $55 each.
a.What is the new market value of the company? (Do not round intermediate calculations.)
New market value = ?
b.How many rights are associated with one of the new shares? (Do not round intermediate calculations.)
Number of rights needed rights = ?
c.What is the ex-rights price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Ex-rights price = ?
d.What is the value of a right? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Value of a right = ?
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The post Again, Inc., is proposing a rights offering. Presently, there are 600,000 shares outstanding at $63 each. There will be 150,000 new shares offered at $55 each. appeared first on Superb Professors.
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