What is the subscription price

Assignment Help Financial Management

Reference no: EM13767634

Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $66. The current price is $80 per share, and there are 42 million shares outstanding. The rights offer would raise a total of $70 million.

What is the subscription price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Reference no: EM13767634

Questions Cloud

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 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 c..

Determine the actual cost of a good or service : Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issu..

Write paper on drugs and crime in this society today : Please create a Word document that lists at least four references (in APA format) for sources that you plan to use in this paper. the title of this paper is Drugs and crime in this society today

If a random sample of chips is selected : A manufacturing process produces semiconductor chips with a known failure rate of .If a random sample of chips is selected, approximate the probability that at most will be defective.Use the normal approximation to the binomial with a correction for ..

What is the subscription price : Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $66. The current price is $80 per share, and there are 42 million shares outstanding. The rights offer would raise a total of $70 million. What is ..

Causes for the creation of the sarbanes-oxley act : Analyze at least three (3) underlying causes for the creation of the Sarbanes-Oxley Act. Next, rank the causes that you have analyzed from the most important to the least important to the creation of the Act. Explain your rationale

Create a pert diagram that identifies the critical path : Create a Gantt chart for the project and Create a PERT diagram that identifies the critical path

What is the after-tax cost of debt for burly : Burly Owl Inc. is going to purchase a new machine that will cost $200,000. The machine has a useful life of 4years and falls into the 3-year property class for the depreciation purposes. The IRS MACRS schedule for the four years is 1)33.33% 2)44.44% ..

Write a report on employees drinking water provision : Write a report on Employees Drinking Water Provision. your Justification Report assignment, you built up the following sections: Problem Statement, Overview of Alternatives, Criteria, and Methods.

User Account

All Pages