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Leah, Inc., is proposing a rights offering. Presently there are 375,000 shares outstanding at $67 each. There will be 50,000 new shares offered at $58
Leah, Inc., is proposing a rights offering. Presently there are 375,000 shares outstanding at $67 each. There will be 50,000 new shares offered at $58 each. |
a. | What is the new market value of the company? |
b. | How many rights are associated with one of the new shares? (Do not round intermediate calculations and round your answer to 1 decimal place, e.g., 32.1.) |
c. | What is the ex-rights price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
d. | What is the value of a right? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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