Question
A companys stock currently sells for $93 per share. Last week the firm issued rights to raise new equity. To purchase a new share, a
A companys stock currently sells for $93 per share. Last week the firm issued rights to raise new equity. To purchase a new share, a stockholder must remit $31 and 3 rights.
a.
| What is the ex-rights stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Stock price:
b.
| What is the price of one right? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Value of right:
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Finance Bundling And Finance Transformation
Authors: Frank Keuper, Kai-Eberhard Lueg
1st Edition
3658042109, 978-3658042103
