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Again, Inc., is proposing a rights offering. Presently, there are 600,000 shares outstanding at $63 each.

/in /by

Again, Inc., is proposing a rights offering. Presently, there are 600,000 shares outstanding at $63 each. There

will be 150,000 new shares offered at $55 each.

a.What is the new market value of the company? (Do not round intermediate calculations.)

  New market value = ?

b.How many rights are associated with one of the new shares? (Do not round intermediate calculations.)

  Number of rights needed rights = ?

c.What is the ex-rights price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Ex-rights price = ?

d.What is the value of a right? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Value of a right = ?

 
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