Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. dont solve with excel , need formulas as if solved

dont solve with excel , need formulas as if solved on paper ...

90.2K

Verified Solution

Question

Finance

dont solve with excel , need formulas as if solved on paper image
image
3. Lusail Company is seeking additional funding for the shares to expand operations by offering subscription rights, knowing that the share price will drop from $100 to $95 after the issue. The company is seeking additional funds of $20 million with an issue price per share of $50, how many shares are there currently, before the offer? (Assuming that the increase in the market value of the shares is equal to the total proceeds of the offering) (4, marks) 3. Lusail Company is seeking additional funding for the shares to expand operations by offering subscription rights, knowing that the share price will drop from $100 to $95 after the issue. The company is seeking additional funds of $20 million with an issue price per share of $50, how many shares are there currently, before the offer? (Assuming that the increase in the market value of the shares is equal to the total proceeds of the offering) (4, marks)

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