Toner ltds shares are selling for 55 on the toronto stock, Ask an Expert

Finance

Toner Ltd's shares are selling for $55 on the Toronto Stock Exchange (TSX) today. The company is going to issue new shares through a rights offering at a subscription price of $25.

The company needs to raise $5 million and currently has 1 million shares outstanding. You currently own 2000 Toner shares. Assume standby underwriting is used.

a) How many new shares will the company need to issue?

b) How many rights will be issued?

c) What would you have to give the company to purchase a new share through this offering?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92868218

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