In: Finance
Rights Offerings?Sheary, Inc., is proposing a rights offering. Presently, there are 375,000 shares outstanding at $60 each. There will be 65,000 new shares offered at $57 each.
What is the new market value of the company?
How many rights are associated with one of the new shares?
What is the ex-rights price?
What is the value of a right?