Problem 15-23 & 24 Rights issues

In 2012, the Pandora Box Company made a rights issue at 15 a share of one new share for every four shares held. Before the issue there were 11.0 million shares outstanding and the share price was 17. a. What was the total amount of new money raised? (Enter your answer in whole euros not millions of euros.)

b. The rights issue gave the shareholder the opportunity to buy one new share for less than the market price. What was the value of this opportunity per share owned? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

c. What was the prospective stock price after the issue? (Do not round intermediate calculations. Round your answer to 2 decimal places.)