Tardis intertemporalti has 16800000 shares issued and


Tardis Intertemporal(TI) has 16,800,000 shares issued and outstanding and is trading at $83.20 per share. The company issues 2,400,000 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 __________

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Tardis intertemporalti has 16800000 shares issued and
Reference No:- TGS02751673

Expected delivery within 24 Hours