Question
Kenobi Inc. is proposing a rights offering. Presently there are 518,000 shares outstanding at $87 each. There will be 74,000 new shares offered at $55
Kenobi Inc. is proposing a rights offering. Presently there are 518,000 shares outstanding at $87 each. There will be 74,000 new shares offered at $55 each. Given that the value of the company after the offering is complete is $49,136,000, what is the ex-rights price (the price after the offering is complete)?
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Value Investing
Authors: Mike Hartley
1st Edition
979-8864443309
