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Please write the answer in details. Thank you. Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price woukld be
Please write the answer in details. Thank you.
Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price woukld be S68. The current price is S84.00 per share and there are 3.5 million shares outstanding. The rights offer would raise a total of $63,000,000 How many rights are required to get a new share? Round your answer to the nearest integer. Enter your answer below. 68.00 Correct response: 2 Given that 2 rights are needed to get a new share, what is the subscription price (the price for a new share)? Round your answer to 2 decimal places. Enter your answer below. Number Correct response: 36 What is the value of a right? Round your answer to 2 decimal places. Enter your answer below. Number Correct response: 16Step by Step Solution
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