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Please answer both! Thumbs up! Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $62. The current
Please answer both! Thumbs up!
Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $62. The current price is $84.00 per share and there are 9 million shares outstanding. The rights offer would raise a total of $81,000,000 How many rights are required to get a new share? Round your answer to the nearest Integer Enter your answer below. 2 Correct response: 2 Given that 2 rights are needed to get a new share, what is the subscription price (the price for a new shate)? Round your answer to 2 decimal places. Enter your answer below Number Yellow Corporation stock currently sells for $55 per share. There are 8 million shares currently outstanding. The company announces plans to raise $9 million by offering shares to the public at a price of $55 per share. If the underwriting spread is 5%, how many shares will the company need to issue in order to be left with net proceeds of $9 million? Enter your answer as a whole number not in millions. (For example, 1,000,000 not 1 million) Sharos - 172249 Correct response: 172,249410 If other administrative costs are $40,000, what is the dollar value of the total direct costs of the issue? Assume that 172,249 shares are issued. Enter your answer as a whole number Direct costs - 513684 Correct response: 513,685210 of the share price falls by 6% at the announcement of the plans to proceed with a seasoned offering, what is the dollar cost of the announcement effect to existing shareholders? Enter your answer as a whole number Total cost Number Step by Step Solution
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