Return to question 6 Problem 15-23 & 24 Rights issues In 2012, the Pandora Box Company made a rights issue at 13 a share of one new share for every two shares held. Before the issue there were 10.8 million shares outstanding and the share price was 14. 12.5 points a. What was the total amount of new money raised? (Enter your answer in whole euros not millions of euros.) Answer is complete and correct. Amount raised 70,200,000 b. The rights issue gave the shareholder the opportunity to buy one new share for less than the market price. What was the value of this opportunity per share owned? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Value of opportunity per share owned 3.15 X c. What was the prospective stock price after the issue? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 6 Return to question d. How far could the total value of the company fall before shareholders would be unwilling to take up their rights? (Do not round intermediate calculations. Enter your answer in millions of euros rounded to 1 decimal place.) Firm value millions 12.5 points Now suppose that the company had decided to issue the new stock at 12 instead of 13. e. How many new shares would the firm have needed to sell to raise the same sum of money? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Number of new shares f. What would be the new value of the opportunity given to shareholders to buy one new share for less than the market price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Opportunity value g. What would be the prospective stock price after the issue? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prospective stock price post-issue h. Now how far could the total value of the company fall before shareholders would be unwilling to take up their rights? (Do not round intermediate calculations. Enter your answer in millions of euros rounded to 1 decimal place.) Firm value millions