QUESTION $11$

A CFO of a company with a market capitalization of $$1B.$ The firm has $104$ million shares outstanding, so the shares are trading at $$13\mathrm{.}40$ per share. Each existing shareholder is sent one right for every share he or she owns. The CFO has not decided how many rights he will require to purchase a share of new stock. He will require either $2$ rights to purchase one share at a price of $$6\mathrm{.}85$ per share, or $4$ rights to purchase two new shares at a price of $$7\mathrm{.}58$ per share. How much money will the first approach raise?

NOTE: Answer in Millions. If your answer is $403\mathrm{.}2799M,$ answer $403\mathrm{.}28$

QUESTION $12$

A CFO of a company with a market capitalization of $$1B.$ The firm has $122$ million shares outstanding, so the shares are trading at $$14\mathrm{.}14$ per share. Each existing shareholder is sent one right for every share he or she owns. The CFO has not decided how many rights he will require to purchase a share of new stock. He will require either $2$ rights to purchase one share at a price of $$6\mathrm{.}61$ per share, or $5$ rights to purchase two new shares at a price of $$7\mathrm{.}33$ per share. How much money will the second approach raise?

NOTE: Answer in Millions. If your answer is $403\mathrm{.}2799M,$ answer $403\mathrm{.}28$