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Walker Machine Tools has four million shares of common stock outstanding. The current...
just Excrcise 16: Relation of rights to EPS and the price-carnings ratio Walker Machine Tools has 7 million shares of common stock outstanding. The current market price of Walker common stock is S82 p...
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Excrcise 16: Relation of rights to EPS and the price-carnings ratio Walker Machine Tools has 7 million shares of common stock outstanding. The current market price of Walker common stock is S82 per share rights-on. The company's net income this year is $25 million. A rights offering has been announced in which 700,000 new shares will be sold at $76.50 per share. The subscription price plus seven rights is needed to buy one of the new shares. a. What...
Financial Learning Systems has 1.8 million shares of common stock outstanding and 63 comma 939 shares...
Financial Learning Systems has 1.8 million shares of common stock outstanding and 63 comma 939 shares of preferred stock. (The preferred pays annual cash dividends of $5.89 a share, and the common pays annual cash dividends of 32 cents a share.) Last year, the company generated net profit (after taxes) of $ 5 comma 765 comma 438. The company's balance sheet shows total assets of $73 million, total liabilities of $ 33 million, and $ 4 million in preferred stock....
Sve & 10.00 points Problem 17-16 Relation of rights to EPS and the price earnings ratio...
Sve & 10.00 points Problem 17-16 Relation of rights to EPS and the price earnings ratio [LO17-3 The current market price of Waker common stock is $88 per share rights-on. The company's net income this year is $26.00 million. A rights offering has been announced in which 720.000 new shares will be sold at $00 50 per share. The subscription price plus mine rignts is needed to buy ane of the new shares (Do not round intermediate caleulations and round...
A company with 2 million shares of common stock currently outstanding is planning to sell 500,000...
A company with 2 million shares of common stock currently outstanding is planning to sell 500,000 new shares to its existing shareholders through a rights issue. The current market price of a share is $65, and the subscription price is $55. If the stock is selling rights-on, calculate the number of rights needed to purchase one of the new shares of common stock and the value of each right. a. Calculate the number of rights needed to buy one share...
Digital Fruit is financed solely by common stock and has outstanding 37 million shares with a...
Digital Fruit is financed solely by common stock and has outstanding 37 million shares with a market price of $10 a share. It now announces that it intends to issue $280 million of debt and to use the proceeds to buy back common stock. There are no taxes. a. What is the expected market price of the common stock after the announcement? b. How many shares can the company buy back with the $280 million of new debt that it...
Executive Chalk is financed solely by common stock and has outstanding 27 million shares with a...
Executive Chalk is financed solely by common stock and has outstanding 27 million shares with a market price of $14 a share. It now announces that it intends to issue $210 million of debt and to use the proceeds to buy back common stock. a. How is the market price of the stock affected by the announcement? b. How many shares can the company buy back with the $210 million of new debt that it issues? (Enter your answer in...
Preferred stock outstanding, 1% 200 800 Net income Average number of shares of common stock outstanding...
Preferred stock outstanding, 1% 200 800 Net income Average number of shares of common stock outstanding 300 The annual report of Sweet Cars, Inc., for the year ended December 31, 2018, included the following items (in millions): (Click the icon to view the items on the annual report.) 1. Calculate earnings per share (EPS) and the price-earnings ratio for Sweet Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $35.91. 2. How...
Prahm Corp. wants to raise $4 million via a rights offering. The company currently has 460,000 shares of common stock outstanding that sell for $41 per share. Its underwriter has set a subscription p...
Prahm Corp. wants to raise $4 million via a rights offering. The company currently has 460,000 shares of common stock outstanding that sell for $41 per share. Its underwriter has set a subscription price of $16 per share and will charge the company a spread of 6 percent. If you currently own 4,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights? (Do not...
Your company has earnings per share of $4. It has 1 million shares outstanding, each of which has a price of $40. You a...
Your company has earnings per share of $4. It has 1 million shares outstanding, each of which has a price of $40. You are thinking of buying TargetCo, which has earnings per share of $2,1 million shares outstanding, and a price per share of $25. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction. a. If you pay no premium to buy TargetCo, what will be your earnings per share after the...
A firm conducting an IPO of common stock sold 5 million new shares in the offering...
A firm conducting an IPO of common stock sold 5 million new shares in the offering at an offer price of $20 per share. After the offering, the firm had 10 million shares outstanding, and the price of those shares in the secondary market was $22. The total proceeds from the firm's IPO were ________. A) $300 million B) $50 million C) $110 million D) $440 million E) $100 million
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Excrcise 16: Relation of rights to EPS and the price-carnings ratio Walker Machine Tools has 7 million shares of common stock outstanding. The current market price of Walker common stock is S82 per share rights-on. The company's net income this year is $25 million. A rights offering has been announced in which 700,000 new shares will be sold at $76.50 per share. The subscription price plus seven rights is needed to buy one of the new shares. a. What...
Sve & 10.00 points Problem 17-16 Relation of rights to EPS and the price earnings ratio [LO17-3 The current market price of Waker common stock is $88 per share rights-on. The company's net income this year is $26.00 million. A rights offering has been announced in which 720.000 new shares will be sold at $00 50 per share. The subscription price plus mine rignts is needed to buy ane of the new shares (Do not round intermediate caleulations and round...
Digital Fruit is financed solely by common stock and has outstanding 37 million shares with a market price of $10 a share. It now announces that it intends to issue $280 million of debt and to use the proceeds to buy back common stock. There are no taxes. a. What is the expected market price of the common stock after the announcement? b. How many shares can the company buy back with the $280 million of new debt that it...
Executive Chalk is financed solely by common stock and has outstanding 27 million shares with a market price of $14 a share. It now announces that it intends to issue $210 million of debt and to use the proceeds to buy back common stock. a. How is the market price of the stock affected by the announcement? b. How many shares can the company buy back with the $210 million of new debt that it issues? (Enter your answer in...
Preferred stock outstanding, 1% 200 800 Net income Average number of shares of common stock outstanding 300 The annual report of Sweet Cars, Inc., for the year ended December 31, 2018, included the following items (in millions): (Click the icon to view the items on the annual report.) 1. Calculate earnings per share (EPS) and the price-earnings ratio for Sweet Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $35.91. 2. How...
Prahm Corp. wants to raise $4 million via a rights offering. The company currently has 460,000 shares of common stock outstanding that sell for $41 per share. Its underwriter has set a subscription price of $16 per share and will charge the company a spread of 6 percent. If you currently own 4,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights? (Do not...
Your company has earnings per share of $4. It has 1 million shares outstanding, each of which has a price of $40. You are thinking of buying TargetCo, which has earnings per share of $2,1 million shares outstanding, and a price per share of $25. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction. a. If you pay no premium to buy TargetCo, what will be your earnings per share after the...
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