Question
In 2012, the Pandora Box Company made a rights issue at 7 a share of one new share for every five shares held. Before the
In 2012, the Pandora Box Company made a rights issue at 7 a share of one new share for every five shares held. Before the issue there were 9.2 million shares outstanding and the share price was 10.
g. What would be the prospective stock price after the issue? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
h. Now 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.)
million
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