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(I have the first 4 questions correct - please help with e-h.) In 2012, the Pandora Box Company made a rights issue at 6 a
(I have the first 4 questions correct - please help with e-h.)
In 2012, the Pandora Box Company made a rights issue at 6 a share of one new share for every five shares held. Before the issue there were9.1 million shares outstanding and the share price was E8. a. What was the total amount of new money raised? 1092000 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.) 0.33 c. What was the prospective stock price after the issue? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 7.67 d. How far could the total value of the company fall before shareholders would be unwilling to take up their rights? (Do not round intermediate calculations. Enter your answer in millions of euros rounded to 1 decimal place.) 54.6 millionStep by Step Solution
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