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Hi, I would like some help understanding this in excel, a step by step solution would be great. Question 1: Alpha Corp. currently has the
Hi,
I would like some help understanding this in excel, a step by step solution would be great.
| Question 1: | |||
| Alpha Corp. currently has the number of shares outstanding mentioned below. The market price of the shares is also given. Alpha Corp. decides to raise additional funds via a 2 for 5 rights offer at the issue price provided. If we assume 100% subscription, what is the value of each right? | |||
| Number of shares outstanding | 2 550 000 | ||
| Market Price Per Share | 21,60 | ||
| Issue Price | 11,90 | ||
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Corporate Financial Management
Authors: Glen Arnold
4th Edition
0273719068, 978-0273719069
