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Wuttke Corp. wants to raise $4.2 million via a rights offering. The company currently has 520,000 shares of common stock outstanding that sell for $50
Wuttke Corp. wants to raise $4.2 million via a rights offering. The company currently has 520,000 shares of common stock outstanding that sell for $50 per share. Its underwriter has set a subscription price of $30 per share and will charge the company a spread of 5 percent. FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS, MILLIONS ETC AND A DOT FOR DECIMALS, do not fill in any currency sign ($, etc). So for instance, One-million-one-hundred-thousand-and-fourty euros and 50 cents would be 1,100,040.50. For percentages use a dot and NO % sign. For instance if you think an answer is seven per cent and 22 hundredths, write 7.22 Required: If you currently own 6,000 shares
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