answer second part of question below
Homework Answers
No.of Rights needed to buy 1 share = number of shares outstanding/number of right shares issued.
= 16,000,000/2,000,000
= 8 (Answer).
8 Rights Needed to buy 1 right share.
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answer second part of question below
The Clifford Corporation has announced a rights offer to raise...
The Clifford Corporation has announced a rights offer to raise $48 million for a new jounal,...
The Clifford Corporation has announced a rights offer to raise $48 million for a new jounal, the Journal of Financial Excess. This journal will review potential articles after the author pays a nonrefundable reviewing fee of $3.000 per page. The stock currently sells for $24 per share and there are 3.6 million shares outstanding. a. What is the maximum possible subscription price? What is the minimum? (Do not round Intermediate calculations. Leave no cells blank - be certain to enter...
The Clifford Corporation has announced a rights offer to raise $20 million for a new journal,...
The Clifford Corporation has announced a rights offer to raise $20 million for a new journal, the Journal of Financial Excess. This journal will review potential articles after the author pays a nonrefundable reviewing fee of $4,000 per page. The stock currently sells for $60 per share and there are 3.1 million shares outstanding. a. What is the maximum possible subscription price? What is the minimum? (Do not round intermediate calculations. Leave no cells blank - be certain to enter...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of $50. At the close of business the day before the ex-rights day, the company�s stock sells for $90 per share. The next morning, you notice that the stock sells for $65 per share and the rights sell for $3 each. What is the value of the stock ex...
Please answer both the questions. Show work! Question 2 Cochrane Corporation is considering an equity issue...
Please answer both the questions. Show work!
Question 2 Cochrane Corporation is considering an equity issue to finance a new refining plant. A total of $800 million is needed. If the direct cost of issuing the equity is 2.25%, how large does the issue have to be? Question 3 Fly Holdings Ltd has announced a rights offer to raise $15 million for a new operation in Coober Pedy. The share currently sells for $8.00 and there are 150 million shares...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take Two rights to buy a new share in the offering at a subscription price of $57. At the close of business the day before the ex-rights day, the company's stock sells for $75 per share. The next morning, you notice that the stock sells for $61 per share and the rights sell for $2 each. What is the value of the stock ex-rights?...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take four rights to buy a new share in the offering at a subscription price of $27. At the close of business the day before the ex-rights day, the company’s stock sells for $50 per share. The next morning, you notice that the stock sells for $43 per share and the rights sell for $3 each. What is the value of the stock ex-rights?...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of $35. At the close of business the day before the ex-rights day, the company’s stock sells for $65 per share. The next morning, you notice that the stock sells for $55 per share and the rights sell for $3 each. What is the value of the stock ex-rights?...
Barrett Mfg. is considering a rights offer. The company has determined that the ex-rights price will...
Barrett Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $72. The current price is $82 per share and there are 40 million shares outstanding. The rights offer would raise a total of $80 million. What is the subscription price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Subscription price
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rig...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of $49. At the close of business the day before the ex-rights day, the company's stock sells for $70 per share. The next morning, you notice that the stock sells for $58 per share and the rights sell for $2 each What is the value of the stock ex-rights?...
Barrett Mfg. is considering a rights offer. The company has determined that the ex-rights price will...
Barrett Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $70. The current price is $77 per share and there are 20 million shares outstanding. The rights offer would raise a total of $40 million. What is the subscription price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The Clifford Corporation has announced a rights offer to raise $48 million for a new jounal, the Journal of Financial Excess. This journal will review potential articles after the author pays a nonrefundable reviewing fee of $3.000 per page. The stock currently sells for $24 per share and there are 3.6 million shares outstanding. a. What is the maximum possible subscription price? What is the minimum? (Do not round Intermediate calculations. Leave no cells blank - be certain to enter...
The Clifford Corporation has announced a rights offer to raise $20 million for a new journal, the Journal of Financial Excess. This journal will review potential articles after the author pays a nonrefundable reviewing fee of $4,000 per page. The stock currently sells for $60 per share and there are 3.1 million shares outstanding. a. What is the maximum possible subscription price? What is the minimum? (Do not round intermediate calculations. Leave no cells blank - be certain to enter...
Please answer both the questions. Show work!
Question 2 Cochrane Corporation is considering an equity issue to finance a new refining plant. A total of $800 million is needed. If the direct cost of issuing the equity is 2.25%, how large does the issue have to be? Question 3 Fly Holdings Ltd has announced a rights offer to raise $15 million for a new operation in Coober Pedy. The share currently sells for $8.00 and there are 150 million shares...
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take Two rights to buy a new share in the offering at a subscription price of $57. At the close of business the day before the ex-rights day, the company's stock sells for $75 per share. The next morning, you notice that the stock sells for $61 per share and the rights sell for $2 each. What is the value of the stock ex-rights?...
Barrett Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $72. The current price is $82 per share and there are 40 million shares outstanding. The rights offer would raise a total of $80 million. What is the subscription price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Subscription price
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of $49. At the close of business the day before the ex-rights day, the company's stock sells for $70 per share. The next morning, you notice that the stock sells for $58 per share and the rights sell for $2 each What is the value of the stock ex-rights?...
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