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In: Finance
Roth Corp. wants to raise $4.6 million via a rights offering. The company currently has 490,000...
Roth Corp. wants to raise $4.6 million via a rights offering. The company currently has 490,000 shares of common stock outstanding that sell for $35 per share. Its underwriter has set a subscription price of $27 per share and will charge the company a 4 percent spread. If you currently own 7,000 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 round your intermediate calculations.)
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Roth Corp. wants to raise $3.5 million via a rights offering. The company currently has 470,000...
Roth Corp. wants to raise $3.5 million via a rights offering.
The company currently has 470,000 shares of common stock
outstanding that sell for $25 per share. Its underwriter has set a
subscription price of $18 per share and will charge the company a 8
percent spread. If you currently own 4,750 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
round...
Roth Corp. wants to raise $4.2 million via a rights offering. The company currently has 480,000...
Roth Corp. wants to raise $4.2 million via a rights offering.
The company currently has 480,000 shares of common stock
outstanding that sell for $30 per share. Its underwriter has set a
subscription price of $21 per share and will charge the company a 6
percent spread. If you currently own 6,000 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
round...
Prahm Corp. wants to raise $5.2 million via a rights offering. The company currently has 580,000...
Prahm Corp. wants to raise $5.2 million via a rights offering.
The company currently has 580,000 shares of common stock
outstanding that sell for $53 per share. Its underwriter has set a
subscription price of $28 per share and will charge the company a
spread of 5 percent.
If you currently own 6,000 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...
Prahm Corp. wants to raise $4.8 million via a rights offering. The company currently has 580,000...
Prahm Corp. wants to raise $4.8 million via a rights offering.
The company currently has 580,000 shares of common stock
outstanding that sell for $85 per share. Its underwriter has set a
subscription price of $40 per share and will charge the company a
spread of 6 percent.
If you currently own 2,500 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...
Prahm Corp. wants to raise $4.1 million via a rights offering. The company currently has 470,000...
Prahm Corp. wants to raise $4.1 million via a rights offering.
The company currently has 470,000 shares of common stock
outstanding that sell for $42 per share. Its underwriter has set a
subscription price of $17 per share and will charge the company a
spread of 5 percent. If you currently own 5,000 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...
Prahm Corp. wants to raise $5.4 million via a rights offering. The company currently has 620,000...
Prahm Corp. wants to raise $5.4 million via a rights offering.
The company currently has 620,000 shares of common stock
outstanding that sell for $57 per share. Its underwriter has set a
subscription price of $24 per share and will charge the company a
spread of 5 percent. If you currently own 5,000 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...
Prahm Corp. wants to raise $5.4 million via a rights offering. The company currently has 620,000...
Prahm Corp. wants to raise $5.4 million via a rights offering.
The company currently has 620,000 shares of common stock
outstanding that sell for $57 per share. Its underwriter has set a
subscription price of $24 per share and will charge the company a
spread of 5 percent. If you currently own 5,000 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?
Prahm Corp. wants to raise $4.9 million via a rights offering. The company currently has 550,000...
Prahm Corp. wants to raise $4.9 million via a rights offering.
The company currently has 550,000 shares of common stock
outstanding that sell for $50 per share. Its underwriter has set a
subscription price of $25 per share and will charge the company a
spread of 5 percent.
If you currently own 3,000 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...
Prahm Corp. wants to raise $5.6 million via a rights offering. The company currently has 550,000...
Prahm Corp. wants to raise $5.6 million via a rights offering.
The company currently has 550,000 shares of common stock
outstanding that sell for $40 per share. Its underwriter has set a
subscription price of $30 per share and will charge the company a 7
percent spread. If you currently own 8,000 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?
Multiple Choice
$20,533.78...
Prahm Corp. wants to raise $3.5 million via a rights offering. The company currently has 540,000...
Prahm Corp. wants to raise $3.5 million via a rights offering.
The company currently has 540,000 shares of common stock
outstanding that sell for $35 per share. Its underwriter has set a
subscription price of $23 per share and will charge the company a 5
percent spread. If you currently own 6,300 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?
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