ChipMaster's bwBASIC This also includes history going back to v2.10. *WARN* some binary files might have been corrupted by CRLF.
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  1. VALUE OF A RIGHT
  2. THE PRIVILEGE OF A STOCKHOLDER TO SUBSCRIBE AT A STATED PRICE
  3. TO NEW ISSUES OF COMMON STOCKS IN PROPORTION TO HIS PRESENT
  4. HOLDINGS IS A RIGHT OR STOCK RIGHT. THIS PRIVILEGE IS
  5. GENERALLY OFFERED FOR A VERY LIMITED PERIOD. DURING THIS
  6. PERIOD MAY EXERCISE HIS OFFER OR HE MAY SELL THE RIGHT TO
  7. ANOTHER INVESTOR. WHEN THE RIGHTS OFFERING IS ANNOUNCED THE
  8. BOARD OF DIRECTORS ESTABLISHES A CUTOFF DATE. ANYONE WHO
  9. PURCHASES THE STOCK BEFORE THAT DATE RECEIVES RIGHTS FOR THE
  10. NEW ISSUE. THE STOCK IS THEN SAID TO SELL RIGHTS-ON. AFTER
  11. THE CUTOFF DATE NEW PURCHASERS OF THE STOCK DO NOT GET THE
  12. RIGHT AND THE STOCK IS TRADED EX-RIGHTS.
  13. PRESS ENTER TO CONTINUE?
  14. GIVEN THE MARKET VALUE OF 1 SHARE OF STOCK SELLING RIGHTS-ON,
  15. THE SUBSCRIPTION PRICE PER SHARE, AND THE NUMBER OF RIGHTS
  16. REQUIRED TO PURCHASE ONE SHARE OF STOCK THIS PROGRAM WILL
  17. COMPUTE THE MARKET VALUE OF 1 RIGHT WHEN THE STOCK IS SELLING
  18. RIGHTS-ON, THE THEORETICAL VALUE OF ONE SHARE OF STOCK WHEN
  19. IT GOES EX-RIGHTS, AND THE THEORETICAL VALUE OF 1 RIGHT
  20. WITH THE STOCK SELLING EX-RIGHTS.
  21. PRESS ENTER TO BEGIN?
  22. ENTER MARKET VALUE OF 1 SHARE RIGHTS-ON? 1223.45
  23. ENTER SUBSCRIPTION PRICE PER SHARE ? 22.44
  24. ENTER # RIGHTS NEEDED TO BUY 1 SHARE ? 55
  25. MARKET VALUE OF 1 RIGHT - RIGHTS-ON 21.4466
  26. THEORETICAL VALUE OF 1 SHARE EX-RIGHTS 1202.
  27. THEORETICAL VALUE OF 1 RIGHT EX-RIGHTS 21.4466
  28. PRESS ENTER FOR MORE COMPUTATION? -1