Solution-What is the total amount of new money raised

What is the total amount of new money raised

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In 2010, Pandora, Inc., makes a rights issue at a subscription price of $8 a share. One new share can be purchased for every four shares held. Before the issue there were 11 million shares outstanding, and the share price was $11.5.

a. What is the total amount of new money raised? (Round your answer to 2 decimal places.)

b. What is the expected stock price after the rights are issued? (Round your answer to the nearest cent.)

Reference no: EM132842606

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What is the total amount of new money raised

Reference no: EM132842606

Reference no: EM132842606

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