Roth corp wants to raise 38 million via a rights offering, Ask an Expert

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Roth Corp. wants to raise $3.8 million via a rights offering. The company currently has 480,000 shares of common stock outstanding that sell for $35 per share. Its underwriter has set a subscription price of $25 per share and will charge the company a spread of 6 percent.

If you currently own 4,000 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 final answer to 2 decimal places. (e.g., 32.16))

Subscription price $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91587693

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