Francis Bloody is the founder of Bloody Well Corporation. A company that specializes in monitoring wells for harmful contaminates. Demand for their services has been increasing and they would like to raise equity funding through a rights issue.


Currently there are 1.5 million shares outstanding. Find the value of a Bloody Well Right if shareholders require 4 rights and $24 to purchase a new share and shares are trading exrights at a price of $30?

Answer rating: 100% (QA)

Solution Calculation of theor... View the full answer