Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 7) discovery cafe (dvc) has 7,800,000 shares issue

7) Discovery Cafe (DVC) has 7,800,000 shares issued and outstanding and is trading at $130.50...

80.2K

Verified Solution

Question

Finance

image

7) Discovery Cafe (DVC) has 7,800,000 shares issued and outstanding and is trading at $130.50 per share. The company issues 2,600,000 new shares with a subscription price of $87.00. Under the terms of the offering, 3 rights are required to subscribe to one new share at the subscription price, and each shareholder is issued one right for each share owned. 14 57 If all the shares offered are taken up then Discovery Cafe (DVC) will raise Hours Minutes Seconds 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

Why does a baseball catcher's mitt have more padding than a conventional glove?

Biology
1.2K views

cancer cells secrete a chemical that circulates in the blood A measure of the amount...

Biology
1.2K views

Can you please make a question about glycolysis in boday and answer it in your...

Algebra
1.2K views

9 Solv the equation a 2 csc 0 3 cot 0 3 0 b cos2x...

Accounting
1.2K views

In what situations/ circumstances may it more effective to have a nonprofit/ or nonprofit with...

Accounting
1.2K views

Three major tasks are handled by the Fixed Asset System. What is the purpose of...

Accounting
1.2K views

Madison Company's cash ledger reports the following for the month ending March 31,2012. ...

Accounting
1.2K views

Question 1 Culver Corporation purchased $68,900 of 5-year, 8% bonds of Hu Inc. for $66,174...

Accounting
1.2K views

ed 00 an 600 The following information was available from the January inventory records of...

Accounting
1.2K views

***** Scenario 4: Roth IRA Conversion & Income Considerations ...

Accounting
1.2K views

Ms. Jessica Duffy purchased 1 share of $10 par value common stock from Ohio Corporation...

Accounting
1.2K views

Auto Parts Inc. began the current month with inventory costing $40,000, then purchased inventory at...