Help Save & Exit Submit Check my work Katie Homes and Garden Co. has 13,600,000 shares outstanding. The stock is currently selling at $58 per share. If an unfriendly outside group acquired 25 percent of the shares, existing stockholders will be able to buy new shares at 30 percent below the currently existing stock price. a. How many shares must the unfriendly outside group acquire for the poison pill to go into effect? (Do not round intermediate calculations.) Number of shares b. What will be the new purchase price for the existing stockholders? (Do not round intermediate calculations. Round your answer to 2 decimal places.) New purchase price 2:20 PM Check my world Boles Bottling Co. has issued rights to its shareholders. The subscription price is $72 and six rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $87 rights-on. a. What would be the value of one right? (Do not round intermediate calculations and round your answer to 2 decimal places.) Value of one right ices b. If the stock goes ex-rights, what would the new stock price be? (Do not round intermediate calculations and round your answer to 2 decimal places.) New stock price Check my work Preston Toy Co, has warrants outstanding that allow the holder to purchase a share of stock for $22 (exercise price). The common stock is currently selling for $28, while the warrant is selling for $9.25 per share. a. What is the intrinsic (minimum) value of this warrant? (Do not round intermediate calculations and round your answer to 2 decimal places.) Intrinsic value Book Print Terences b. What is the speculative premium on this warrant? (Do not round intermediate calculations and round your answer to 2 decimal places.) Speculative premium Next > 222 PM aw