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    Book

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    Francis
    The document shows calculations for shares owned, rights issued, cash received from selling some shares, the investment amount for shares purchased with rights, and the gain amount from the sale. An individual owned 50,000 shares initially worth $3,800,000 and was issued rights to purchase 50,000 additional shares. They sold 25,000 shares for $2,250,000, invested $1,900,000 to purchase shares with rights, and realized a $350,000 gain.

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    Book

    Uploaded by

    Francis
    17 views1 page
    The document shows calculations for shares owned, rights issued, cash received from selling some shares, the investment amount for shares purchased with rights, and the gain amount from the sale. An individual owned 50,000 shares initially worth $3,800,000 and was issued rights to purchase 50,000 additional shares. They sold 25,000 shares for $2,250,000, invested $1,900,000 to purchase shares with rights, and realized a $350,000 gain.

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    Answer key

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    Book (4).xlsx

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    The document shows calculations for shares owned, rights issued, cash received from selling some shares, the investment amount for shares purchased with rights, and the gain amount from the sale. An individual owned 50,000 shares initially worth $3,800,000 and was issued rights to purchase 50,000 additional shares. They sold 25,000 shares for $2,250,000, invested $1,900,000 to purchase shares with rights, and realized a $350,000 gain.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    17 views1 page

    Book

    Uploaded by

    Francis
    The document shows calculations for shares owned, rights issued, cash received from selling some shares, the investment amount for shares purchased with rights, and the gain amount from the sale. An individual owned 50,000 shares initially worth $3,800,000 and was issued rights to purchase 50,000 additional shares. They sold 25,000 shares for $2,250,000, invested $1,900,000 to purchase shares with rights, and realized a $350,000 gain.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Animosity

    shares 50000 3800000


    rights 50000x80 4000000

    Cash (25000x90) 2250000


    Investment in shares 1900000
    Gain on sale 350000

    25000/50000x3800000=1900000

    Sales 2250000
    Shares 1900000
    Gain 350000

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