APE company has 6.7 million shares of common stock outstanding. The current market price common stock is $76 per share rights-on. The company's net income this year is $23.50 million. A rights offering has been announced in which 670,000 new shares will be sold at $70.50 per share. The subscription price plus nine rights is needed to buy one of the new shares. What are the earnings per share and price-earnings ratio before the new shares are sold via the rights offering?  Earnings per share Price-earnings ratio   2.What would the earnings per share be immediately after the rights offering? What would the price-earnings ratio be immediately after the rights offering? (Assume there is no change in the market value of the stock, except for the change when the stock begins trading ex-rights.)

Damron, Incorporated, has 205,000 shares of stock outstanding. Each share is worth $79, so the company’s market value of equity is $16,195,000. Suppose the firm issues 44,000 new shares at the following prices: $79, $73, and $67. What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share?

The market capitalization of Morning Rose Corp. is $5,580,000 at the company's most recent trade of $9.00 per share. How many shares of stock are outstanding?

In the IPO, the firm issued 3,000,000 new shares. The initial price was $18.00/share with investment bankers retaining $1.26 as fees. The final first-day closing price was $23.50. 1. What were the total proceeds from this offering

Young Corporation stock currently sells for $60 per share. There are 1 million shares currently outstanding. The company announces plans to raise $6 million by offering shares to the public at a price of $60 per share.   a. If the underwriting spread is 9%, how many shares will the company need to issue in order to be left with net proceeds (before other administrative costs) of $6 million ? (Do not round intermediate calculations. Round your answer to the nearest whole number.)   b. If the under writing spread is 9% and the other administrative costs are $55,000, what is the dollar value of the total direct costs of the issue? (Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)   c. If the share price falls by 2% at the announcement of the plans to proceed with a seasoned offering, what is the dollar cost of the announcement effect? (Enter your answer in dollars not in millions.)