Corporation Ltd is considering raisng additional equiry via a rights issue, in the amount of $120,000. It currently has 18,000 ordinary shares outstanding that sell for $24.36 each. The subscription price will be $20 per share. What is the value of one right?
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Corporation Ltd is considering raisng additional equiry via a rights issue, in the amount of $120,000. It currently has 18,000 ordinary shares outstanding that sell for $24.36 each. The subscription price will be $20 per share. What is the value of one right?
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- Kiser Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $78. The current price is $100 per share, and there are 25 million shares outstanding. The rights offer would raise a total of $50 million. What is the subscription price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Subscription priceKiser Mfg. is considering a rights offer. The company has determined that the ex- rights price will be $69. The current price is $75 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.)Hoobastink Mfg. is considering a rights offer. The company has determined that the ex- rights price will be $61. The current price is $68 per share, and there are 10 million shares outstanding. The rights offer would raise a total of $60 million. What is the subscription price?
- XYZ Ltd has 900,000 shares outstanding at current market price of $ 130 per share. The company needs $ 22,500,000 to finance its proposed expansion. The board of directors has decided to issue rights for raising the required funds. The subscription price has been fixed at $ 75 per share. Required: (a) How many rights are required to purchase one new share? (b) What is the price of one share after the rights issue (Ex-right price)? (c) Compute the theoretical value of each right| 19:32Lufuego Corporation has issued rights to its shareholders. The stock is selling for $26 rights-on and has a subscription price of $20. The company hopes to raise $1,000,000 to buy a new production facility. All 200,000 shareholders will receive one right each as part of the rights offering. What is the current value of the right? $1.50 b. There is not enough information to answer this question. c. $1.20 d. $.97Safari Ltd is a tour and travel company that wants to expand its business by opening a new branch in Nakuru . The finance manager has advised the CEO to consider an issue of 8% irredeemable preference shares whose par value is Sh 80 at an issue price of Sh76. What is the cost of this preference shares ?
- Boles Bottling Company has issued rights to its shareholders. The subscription price is $76 and five rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $95 rights-on. a. What would be the value of one right? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Value of one right b. If the stock goes ex-rights, what would the new stock price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places. New stock priceHassinah, Incorporated, is proposing a rights offering. Presently there are 1,000,000 shares outstanding at $78 each. There will be 100,000 new shares offered at $70 each. a. What is the new market value of the company? (Do not round intermediate calculations.) b. How many rights are associated with one of the new shares? (Do not round intermediate calculations.) c. What is the ex-rights price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the value of a right? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. New market value b. Number of rights needed c. Ex-rights price d. Value of a rightThe New Word Corporation has 1,000,000 shares outstanding at $45/share. If the firm wishes to raise $15.00 million at a subscription price (North American rights offering) of $30/share, calculate the value of a right.
- Myers Inc. currently has 5, 750,000 shares outstanding, and they trade at a price of $23.76. They need to raise $35,000,000 in new funding, and will execute a Rights Offering at a subscription price of $18.00 per share. At the current share price, what will be the price of one Right leading up to the subscription? Group of answer choices $3.04 $1.46 $1.74 $22.30 $2.96The management of LTTP Corp. is preparing for issuing equity to fund a new project. Rights offeris used. The company has determined that the ex-rights price would be $53. The current price is $58per share, and there are 10 million shares outstanding. The rights offer would raise a total of $45million. What is the subscription price? can you handwrite it pleaseHassinah, Incorporated, is proposing a rights offering. Presently, there are 800,000 shares outstanding at $48 each. There will be 160,000 new shares offered at $40 each. a. What is the new market value of the company? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How many rights are associated with one of the new shares? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the ex-rights price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the value of a right? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. New market value b. Number of rights needed c. Ex-rights price d. Value of a right