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Roth Corp. wants to raise $4.0 million via a rights offering. The company currently has 500,000 shares of common stock outstanding that sell for $36 per share. Its underwriter has set a subscription price of $25 per share and will charge the company a spread of 4 percent. If you currently own 4,000 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 intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Betsy Boomer does not own a car and she must rely on friends for transportation. Last month, Betsy asked Freda Farnsworth to drive her to the store. Freda is known to be a reckless driver, but Betsy is not in a position to be choosy. Describe Freda’s..
Assume that the managers of Fort Winston Hospital are setting the price on a new outpatient service. What per visit price must be set for the service to break even? To earn an annual profit of $100,000? Repeat Part a, but assume that the variable co..
Given the following information, what is the degree of operating leverage? Price = $20 per unit; variable cost = $6 per unit; fixed costs = $5,000 per year; depreciation = $8,000 per year; sales = 2,000 units per year. Tax rate = 34%.
TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $2,500,000 and there are 210,000 shares outstanding. If the benchmark price-sales ratio for the company is 5.7, how much will you pay for the stock? If the..
The Dunning Co. needs to raise $66.7 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $67 per share and the company’s underwriters ..
Corning (a glass and ceramics maker) has a stock price of $20.30 on November 1. Suppose it pays a 25 cent dividend on November 30, and the stock price at the end of the day on November 30 is $21.75. What was the total return on this stock in November..
Paradise Tours, Inc. just paid a dividend of $3.50. Analysts expect the company's dividend to grow by 35% this year, by 20% in year 2, and at a constant rate of 5% in Year 3 and thereafter. The required rate of return on PTI's stock is 15.00%. What i..
Briles offered to sell his used automobile to Nevarro for $12,600 cash. Nevarro agreed to nuy the car, gave Brilles a check for $12,600 and drove away in the car. The next Nevarro sold the car for $13,000 to Houfh a bona fide purchaser. The $12600 ch..
Suppose you believe that after controlling for sensitivity to the market, smaller firms should have higher returns. In two sentences, explain what market frictions would lead to that anomaly.
In order to fund her retirement, Michele requires a portfolio with an expected return of 0.10 per year over the next 30 years. She has decided to invest in Stocks 1, 2, and 3, with 25 percent in Stock 1, 50 percent in Stock 2, and 25 percent in Stock..
Ethier Enterprise has an unlevered beta of 1.3. Ethier is financed with 35% debt and has a levered beta of 1.5. If the risk free rate is 6.5% and the market risk premium is 5%, how much is the additional premium that Ethier's shareholders require to ..
Cooling tools inc is currently producing 1303 of small refrigerators per month but the company’s ceo plans to increase production rate at 10.06 percent per month until the firm is producing 6139 of refrigerators per month. How many months will this t..
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