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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42 lines
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  1. 1 REM RTVAL
  2. 5 CLEAR 1000
  3. 10 CLS:PRINT TAB(10); "VALUE OF A RIGHT":PRINT
  4. 20 PRINT"THE PRIVILEGE OF A STOCKHOLDER TO SUBSCRIBE AT A STATED PRICE
  5. 25 PRINT"TO NEW ISSUES OF COMMON STOCKS IN PROPORTION TO HIS PRESENT
  6. 30 PRINT"HOLDINGS IS A RIGHT OR STOCK RIGHT. THIS PRIVILEGE IS
  7. 35 PRINT"GENERALLY OFFERED FOR A VERY LIMITED PERIOD. DURING THIS
  8. 40 PRINT"PERIOD MAY EXERCISE HIS OFFER OR HE MAY SELL THE RIGHT TO
  9. 45 PRINT"ANOTHER INVESTOR. WHEN THE RIGHTS OFFERING IS ANNOUNCED THE
  10. 50 PRINT"BOARD OF DIRECTORS ESTABLISHES A CUTOFF DATE. ANYONE WHO
  11. 55 PRINT"PURCHASES THE STOCK BEFORE THAT DATE RECEIVES RIGHTS FOR THE
  12. 60 PRINT"NEW ISSUE. THE STOCK IS THEN SAID TO SELL RIGHTS-ON. AFTER
  13. 65 PRINT"THE CUTOFF DATE NEW PURCHASERS OF THE STOCK DO NOT GET THE
  14. 70 PRINT"RIGHT AND THE STOCK IS TRADED EX-RIGHTS.
  15. 75 PRINT:GOSUB 10100: CLS
  16. 80 PRINT"GIVEN THE MARKET VALUE OF 1 SHARE OF STOCK SELLING RIGHTS-ON,
  17. 85 PRINT"THE SUBSCRIPTION PRICE PER SHARE, AND THE NUMBER OF RIGHTS
  18. 90 PRINT"REQUIRED TO PURCHASE ONE SHARE OF STOCK THIS PROGRAM WILL
  19. 95 PRINT"COMPUTE THE MARKET VALUE OF 1 RIGHT WHEN THE STOCK IS SELLING
  20. 100 PRINT"RIGHTS-ON, THE THEORETICAL VALUE OF ONE SHARE OF STOCK WHEN
  21. 105 PRINT"IT GOES EX-RIGHTS, AND THE THEORETICAL VALUE OF 1 RIGHT
  22. 110 PRINT"WITH THE STOCK SELLING EX-RIGHTS.
  23. 120 PRINT:INPUT"PRESS ENTER TO BEGIN";Z9$
  24. 200 CLS
  25. 210 INPUT"ENTER MARKET VALUE OF 1 SHARE RIGHTS-ON";P0
  26. 220 INPUT"ENTER SUBSCRIPTION PRICE PER SHARE ";S
  27. 230 INPUT"ENTER # RIGHTS NEEDED TO BUY 1 SHARE ";N
  28. 300 R0=(P0-S)/(N+1):REM MARKET VALUE OF 1 RIGHT - RIGHTS-ON
  29. 310 PX=(P0*N+S)/(N+1):REM VALUE 1 SHARE EX-RIGHTS
  30. 320 RX=(PX - S)/N:REM VALUE 1 RIGHT - EX RIGHTS
  31. 400 REM PRINT
  32. 410 PRINT:PRINT
  33. 420 PRINT"MARKET VALUE OF 1 RIGHT - RIGHTS-ON ";R0
  34. 430 PRINT"THEORETICAL VALUE OF 1 SHARE EX-RIGHTS ";PX
  35. 440 PRINT"THEORETICAL VALUE OF 1 RIGHT EX-RIGHTS ";RX
  36. 450 PRINT
  37. 460 INPUT"PRESS ENTER FOR MORE COMPUTATION";Z9$
  38. 465 IF Z9$ = "-1" THEN END
  39. 470 GOTO 200
  40. 10000 PRINT"INPUT ERROR! TRY AGAIN!":FOR Z=1TO300:NEXT:RETURN
  41. 10100 INPUT"PRESS ENTER TO CONTINUE";Z9$:RETURN