Question: Problem 15-23 & 24 Rights issues In 2012, the Pandora Box Company made a rights issue at 8 a share of one new share for

Problem 15-23 & 24 Rights issues In 2012, the Pandora Box

Problem 15-23 & 24 Rights issues In 2012, the Pandora Box Company made a rights issue at 8 a share of one new share for every two shares held. Before the issue there were 9.3 million shares outstanding and the share price was 10. a. What was the total amount of new money raised? (Enter your answer in whole euros not millions of euros.) Amount raised 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.) Value of opportunity per share owned c. What was the prospective stock price after the issue? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prospective stock price post-issue

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