The Timken Company has announced a rights offer to raise $5.1 million. The company's stock currently sells for $34 per share, there are 1.207 million shares outstanding, and one right will be granted for each outstanding share. The subscription price is set at $30 per share. What is the ex-rights price per share?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The Timken Company has announced a rights offer to raise $5.1 million. The company's stock currently sells for $34 per share, there are ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Garcia Inc. has a current dividend of $3.00 per share (D0 = $3.00). Analysts expect the dividend to grow at a rate of 25% for the next three years, and at a constant rate of 10%, thereafter. The company's cost of equity is estimated to be 15%.
Answers (1)
Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: Work in Process, January 1 $ 53,800 Work in Process, December 31 38,900 Total Factory overhead 7,400 Direct materials used 14,400 Direct labor
Answers (1)
Dairy items, fresh fruit and newspapers are items that: No Answer Selected A - do not require safety stocks B - cannot be ordered in large quantities C - are subject to deterioration and spoilage D - require that prices be lowered every two days E -
Answers (1)
Approximately how much interest will Karen owe on her credit card next month if the balance she carried over from the previous month was $2,450 and her annual interest rate is 18 percent?
Answers (1)
Developing countries rely heavily on income from the export of a handful of primary commodities, which are raw materials such as fruits and ores whose extraction or harvest needs little processing before use.
Answers (1)
New Questions in Business
It costs Fortune Company $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 1,000 scales at $15 each.
Answers (2)
An American manufacturer has been asked to provide construction equipment to a foreign government. The contract is for a sizable amount, so the manufacturer wants to protect itself should the foreign government refuse to pay for the equipment once
Answers (1)
Use the following information to answer the next three questions. Periods Future Value of $1 at 12 Percent Future Value of Ordinary Annuity of $1 at 12 Percent Present Value of $1 at 12 Percent Present Value of Ordinary of $1 at 12 Percent 1 1.120 1.
Answers (1)
The primary aim of an informative speech is to Multiple Choice modify the attitudes of the audience. explain why listeners should change their behavior. offer reasons for supporting a new policy. convey knowledge or information.
Answers (1)
The more management relies on formal, collective, sequential, fixed, and serial socialization programs and emphasize divestiture, the more likely newcomers' differences will be stripped away and replaced by standardized predictable behaviors. 1.
Answers (1)