Question
Kenobi Inc. is proposing a rights offering. Presently there are 525,000 shares outstanding at $84 each. There will be 75,000 new shares offered at $51
Kenobi Inc. is proposing a rights offering. Presently there are 525,000 shares outstanding at $84 each. There will be 75,000 new shares offered at $51 each.
What is the market value of the company after the offering is complete?: 47,925,000 (completed)
How many rights will it take to buy one share? Round the your answer to the nearest whole integer: 7 (completed)
Question: Given that the value of the company after the offering is complete is $47,925,000, what is the ex-rights price (the price after the offering is complete)? Enter your answer rounded to 2 DECIMAL PLACES.
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
