1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RSB [31]
2 years ago
11

Tardis Intertemporal(TI) has 16,800,000 shares issued and outstanding and is trading at $83.20 per share. The company issues 2,4

00,000 new shares with a subscription price of $52.00. Under the terms of the offering, 7 rights are required to subscribe to one new share at the subscription price, and each shareholder is issued one right for each share owned.
If all the shares offered are taken up then Tardis Intertemporal(TI) will raise _____________
and, after the capital infusion, the market capitalization of the company will be ______________
After the new shares are issued the market price should be ______________
The fair market value of the right should thus be __________
Business
1 answer:
timofeeve [1]2 years ago
7 0

Answer:

If all the shares offered are taken up then Tardis Intertemporal(TI) will raise = $52 x 2,400,000 = $124,800,000

and, after the capital infusion, the market capitalization of the company will be  = ($83.20 x 16,800,000) + $124,800,000 = $1,397,760,000 + $124,800,000 = $ 1,522,560,000

After the new shares are issued the market price should be = $1,522,560,000 / (16,800,000 + 2,400,000) = $1,522,560,000 / 19,200,000 = $79.30

The fair market value of the right should thus be = ($83.20 - $52) / (7 + 1) = $31.20 / 8 = $3.90

You might be interested in
On January 22, Muir Corporation issued for cash 20,000 shares of no-par common stock at $30. On February 14, Muir issued at par
Juli2301 [7.4K]

Answer:

Jan 22

Dr Cash 600,000

Cr Common stock 600,000

Feb 14

Dr Cash 150,000

Cr Preferred stock 150,000

Aug 30

Dr Cash 1,350,000

Cr Preferred stock 1,250,000

Cr Paid in capital excess of par preferred stock 100,000

Explanation:

Muir Corporation Journal entries

Date Accounts Debit Credit

Jan 22

Dr Cash (20,000*30) 600,000

Cr Common stock 600,000

Feb 14

Dr Cash (3000*50) 150,000

Cr Preferred stock 150,000

Aug 30

Dr Cash (25,000*54) 1,350,000

Cr Preferred stock (25,000*50) 1,250,000

Cr Paid in capital excess of par preferred stock 100,000

8 0
3 years ago
In a perfectly competitive market, all producers sell very different goods or services. additionally, there are many buyers and
seropon [69]
Pretty sure it's false because there is some competition between electric and gas companies.
3 0
2 years ago
Researchers have ridden alongside motorcycle enthusiasts to understand the relationship between riders and their beloved Harley-
MArishka [77]

Answer:

c. ethnographic

Explanation:

  • The researcher who has ridden alone side the motorcycles enthusiast to understand the relationships between the riders have studied them interms of the ethnographically as to understand the beloved relationships they share with the Harvey Davidson and understand their brand loyalty.
  • The researchers thus tried to find and created a relationship between the bike riders groups that consider them as the premium class and share their experiences of vehicle.
6 0
2 years ago
Give examples of how we do not recognize people as having these rights but make them conditional on success in the marketplace.
Helen [10]

Answer:

Thomas Edison

Explanation:

Thomas Edison early life was very normal. He was born in a poor family. His mother was a school teacher. Thomas Edison did not get recognition until he was successful in inventing the bulb. He did many experiment which failed and no one supported him during this era. He continued his hard work and finally his one of experiment became successful and he invented a bulb. The world then recognized his efforts and made him a hero. His recognition was only based on the success of his experiment and the marketplace.

3 0
2 years ago
You are evaluating your company’s segmentation approach and discover an important missing condition. They have measured their ta
zysi [14]

Answer:

Profitability

Explanation:

It is not enough that our target market is reachable, stable, cost-effective, and measurable. We also need to measure how profitable the market is. We know that our major aim of doing business is to make profit, therefore the profitability of the market must be measured as well.

6 0
2 years ago
Read 2 more answers
Other questions:
  • Shaun Barringer has started on his first job. He plans to start saving for retirement. He will invest 4,133 at the end of each y
    8·1 answer
  • One of the primary values of convertible debt is that it is attractive to investors because:_______.
    11·1 answer
  • The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It the
    12·1 answer
  • Vaida, a manager, sets up delivery schedules for the logistic team for the orders received online, as part of their new e-Commer
    6·2 answers
  • At a recent staff meeting, the vice president of marketing appeared confused. The controller had assured him that the parent com
    8·1 answer
  • Which data representation system utilizes both letters and numbers? binary decimal hexadecimal octal
    5·1 answer
  • Imagine the market for leather made basketballs. Please illustrate and specify the change in equilibrium price and quantity. (ma
    11·1 answer
  • An inmate escapes from the county prison. there is a $500 reward offered for any information leading to the capture of the inmat
    6·1 answer
  • Ay someone explain why $MARA & $RIOT stock been doing real bad while BTC be going up up and up ​
    6·1 answer
  • Упражнение 200 Выпишите из какого либо художественного прозведения предложения с вводными словами и предложениями
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!