Question
Kenobi Inc. is proposing a rights offering. Presently there are 560,000 shares outstanding at $83 each. There will be 70,000 new shares offered at $58
Kenobi Inc. is proposing a rights offering. Presently there are 560,000 shares outstanding at $83 each. There will be 70,000 new shares offered at $58 each.
What is the market value of the company after the offering is complete? Correct response: 50,540,000
How many rights will it take to buy one share? Round the your answer to the nearest whole integer.
Enter your response below. Correct response: 8
Given that the value of the company after the offering is complete is $50,540,000, what is the ex-rights price (the price after the offering is complete)? Enter your answer rounded to 2 DECIMAL PLACES.
Correct response: 80.220.01
Question To be Answered:
Given that the ex-rights price is $80.22, what is the value of a right? Enter your answer rounded to 2 DECIMAL PLACES.
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Make Money Online Step By Step Directions How I Make $2500 A Month Selling On Ebay Fiverr Amazon And More
Authors: Braun Schweiger
1st Edition
1493700391, 978-1493700394
