Keira Mfg. is considering a rights offer. The company has determined that ex-rights price would be...
Homework Answers
= $1,444 million
New market value = Current market value + Amount raised = 1444 + 60 = $1,504 million
Ex rights price = New market value / New # of shares outstanding
New # of shares outstanding = 1504 / 71 = 21.18 million
Number of shares issued in the rights offer = 21.18 - 19 = 2.18 million
Subscription price = Amount raised / Shares issued = 60 / 2.18 = $27.48 per share
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answer second part of question below The Clifford Corporation has announced a rights offer to raise...
answer second part of question below
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answer second part of question below
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