Linda,# XXXXX shares outstanding is equal to 450,000Current Stock Price is equal to $90# XXXXX new shares outstanding in the future (right offering) is equal to 80,000Price of New Stock (or rights) is equal to $84A. New Market Value of the Company = ??????B. # XXXXX Rights Needed = ???????? (rights per new share)C. Ex-Rights Price = ?????????D. Value of the Right = ????????Question #2British Pound Exchange Rate = 93 = $1Japanese Yen Exchange Rate = 1 = $1.64Cross Rate in terms of Yen per pound = ???????
I have the answers as these and my instructor states that they are wrong.
Thanks for requesting me. I am working on it.
The data for questions 2 seems incorrect. Can you please recheck?
To me it looks like it should be
First exchange rate as
93 Yen = 1 Dollar
Second exchange rate is
1 pound = 1.64 dollars ?
Okay,Linda,For the first question the instructor gives me these equationsA. (Shares Outstanding*Price) + (New Shares*New Price)B. Shares Outstanding/New SharesC. New Market Value/(Shares Outstanding + New Shares)D. Current stock price- P(x)For the 2nd QuestionHe give me the Exchange Rate for Britits is $/E*and for Japanese is Excnahge rate Y/$
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Hi KathyI'm just following up with you to see how everything is going. Did my answer help?Let me know,Linda