Question: Question 3 Not yet answered NOTE: Options 1 and 2 below are independent. If you are having trouble with one part, you can still completely

Question 3 Not yet answered NOTE: Options 1 and 2 below

Question 3 Not yet answered NOTE: Options 1 and 2 below are independent. If you are having trouble with one part, you can still completely solve the other part. Marked out of 15.00 Flag question 5 Death Star Resorts LLC will conduct a rights issue in order to raise $ 169.0 million in funding to expand into other galaxies. The firm is currently valued at $747.00 million with 9.00 million shares outstanding. The firm considers 2 alternative options: Option 1: The firm wants to set the subscription price at a 11.0% discount from the pre-announcement price. What subscription price does this imply? $ (Round to the nearest cent.) (non-integer numbers are likely: What is the number of shares N required to receive 1 right in this case? report up to 3 decimals) HINT: If the second question seems hard, simply pick a number N and check how much capital that would raise. This should help you to understand what equation you are trying to solve. What will be the value of 1 right? $ (Round to 3 decimals!) Option 2: The firm conducts a : 1 rights issue. Assuming all rights will be exercised (and ignoring issuance costs), what is the lowest subscription price the company can offer and still raise the necessary funds? $ (Round to the nearest cent.) What percentage discount from the current price does the subscription price represent (enter a positive number)? % (Round to 2 decimals.) (Round to the nearest What will be the share price after the completed rights issue in this case? $ cent.)

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