Sale proceeds-how much money can you get by selling rights

Assignment Help Financial Management

Reference no: EM131353036

Wuttke Corp. wants to raise $4.3 million via a rights offering. The company currently has 530,000 shares of common stock outstanding that sell for $55 per share. Its underwriter has set a subscription price of $30 per share and will charge the company a spread of 6 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 round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Sale proceeds:

Reference no: EM131353036

Questions Cloud

Explain why you agree or disagree with graffs assertions : The single most important thing to do when joining a class discussion is to link what you say with what has already been said. It's usually best to name both the person and the idea you are responding to in order to eliminate any potential misund..

Calculate the energy that must be absorbed by the atom : Calculate the recoil speed of the hydrogen atom, assumed initially at rest, if it makes the transition from n = 4 to n = 1 in a single quantum jump.

How microevolution can lead to macroevolution : Explain how microevolution can lead to macroevolution. Provide a hypothetical example to illustrate your explanation.

State whether or not the death penalty should be abolished : State whether or not the death penalty should be abolished and why. The letter should be 1 page in length, double spaced, and free of grammatical errors.

Sale proceeds-how much money can you get by selling rights : Wuttke Corp. wants to raise $4.3 million via a rights offering. The company currently has 530,000 shares of common stock outstanding that sell for $55 per share. Its underwriter has set a subscription price of $30 per share and will charge the compan..

Potential of a mutation saving a species facing extinction : Microevolution is in some ways random, while in other ways it is not. Explain what does this mean in regards to the potential of a mutation saving a species facing extinction?

Find the energy of the emitted photon : A hydrogen atom in a state having a binding energy (this is the energy required to remove an electron) of 0.85 eV makes a transition to a state with an excitation energy (this is the difference in energy between the state and the ground state) of ..

Examine extent to which 2 of these five issues are occurring : Select one developing country, and examine the extent to which two of these five issues are occurring. Support your response with specific examples. (One paragraph only).

Which wan solution is similar to replaced frame relay : ITNW 1358- Which WAN solution offers continuous and consistent bandwidth at all times of day and nights? Which WAN solution is similar to and has largely replaced frame relay?

User Account

All Pages