Exercise 4:1 Railcargo AG wants to expand and needs 5 Mio. extra equity capital. The company therefore plans an ordinary capital increase. The new shares are to have the same features as the old shares. There are currently 600,000 shares in circulation. The nominal amount of these shares is 10 euros. The stock market price of the Railcargo AG shares at the time of the announcement of the capital increase is 40 euros. a) What is the range of possible issuing prices of the new shares? b) Assume, the issuing price is fixed with 25 Euros. What is the theoretical value of the subscription right? c) Bert B. owns 20 shares and has 3,000 Euro in cash reserves. He uses all of his subscription rights in order to receive new shares. Please calculate the composition of her assets after the capital increase of Railcargo AG. Exercise 4:1 Railcargo AG wants to expand and needs 5 Mio. extra equity capital. The company therefore plans an ordinary capital increase. The new shares are to have the same features as the old shares. There are currently 600,000 shares in circulation. The nominal amount of these shares is 10 euros. The stock market price of the Railcargo AG shares at the time of the announcement of the capital increase is 40 euros. a) What is the range of possible issuing prices of the new shares? b) Assume, the issuing price is fixed with 25 Euros. What is the theoretical value of the subscription right? c) Bert B. owns 20 shares and has 3,000 Euro in cash reserves. He uses all of his subscription rights in order to receive new shares. Please calculate the composition of her assets after the capital increase of Railcargo AG