Again Inc. is proposing a rights offering. There are 462,000 shares outstanding at $75 each. There...
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Again Inc. is proposing a rights offering. There are 462,000 shares outstanding at $75 each. There will be 84,000 new shares offered at $70 each. a. What is the new market value of the company? (Omit $ sign in your response.) New market value b. How many rights are associated with one of the new shares? (Round the answer to 2 decimal places.) Number of rights needed c. What is the ex-rights price? (Round the answer to 2 decimal places. Omit $ sign in your response.) Ex-rights price d. What is the value of a right? (Round the answer to 2 decimal places. Omit $ sign in your response.) Value of a right $ Again Inc. is proposing a rights offering. There are 462,000 shares outstanding at $75 each. There will be 84,000 new shares offered at $70 each. a. What is the new market value of the company? (Omit $ sign in your response.) New market value b. How many rights are associated with one of the new shares? (Round the answer to 2 decimal places.) Number of rights needed c. What is the ex-rights price? (Round the answer to 2 decimal places. Omit $ sign in your response.) Ex-rights price d. What is the value of a right? (Round the answer to 2 decimal places. Omit $ sign in your response.) Value of a right $
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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