Question

Again Inc. is proposing a rights offering. There are 450,000 shares outstanding at $90 each. There will be 80,000 new shares offered at $84 each.
a. What is the new market value of the company?
b. How many rights are associated with one of the new shares?
c. What is the ex-rights price?
d. What is the value of a right?
e. Why might a company have a rights offering rather than a general cash offer?


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  • CreatedJune 17, 2015
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