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Risks

In: Business and Management

Submitted By jose23
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1. El capital autorizado de la empresa GISLAR es de 200.000 acciones. El capital propio que figura actualmente en la contabilidad de la empresa es el siguiente:

|Acciones Ordinarias (Valor nominal 0,25€ por acción ) |30.000€ |
|Primas por emisión de acciones |150.000€ |
|Reservas por beneficios retenidos |10.000€ |
|Capital Propio |190.000€ |
|Acciones Propias en cartera (15.000 acciones) |5.000€ |
|Capital propio Neto |185.000€ |

a. ¿Cuántas acciones se han emitido? b. ¿Cuántas están en circulación? c. ¿Cuántas acciones más podrían emitirse sin la autorización de los accionistas? d. ¿A cuanto cotiza la acción de GISLAR si sabemos que su precio es el doble de su valor contable? e. Suponga que GISLAR emite 40.000 acciones más a 0,5 € la acción ¿Qué cifras de las anteriores cambiarían?

2. Un accionista de la empresa GHJ tiene un 10% del número de acciones totales de la compañía que es de 500.000 acciones y no quiere sufrir una dilución de poder y ver disminuido su poder de decisión si la empresa realiza una emisión de nuevas acciones en un porcentaje de 2 a 1. Para que esto no ocurra, ¿cuántos derechos de suscripción preferentes tiene que ejercer? a) 5.000 derechos s y vender el resto para financiar la operación. b) 25.000 derechos y vender el resto para financiar la operación. c) 50.000 derechos
d) Ninguna de las anteriores.

3) Las acciones preferentes: a) Son estrictamente acciones ordinarias y su única diferencia es que carecen de derechos de voto. b) Reciben el mismo dividendo que las acciones ordinarias c) Consiguen una deducción fiscal por el pago de dividendo preferente, a diferencia de las acciones ordinarias que no consiguen ninguna deducción fiscal por el pago de dividendo ordinario. d) A diferencia de la deuda no otorgan a sus tenedores el derecho de solicitar la quiebra por impago.

4. Se van a votar 5 administradores por un sistema de votación acumulativo en una empresa con 2.000.000 de acciones emitidas. Si la empresa tiene 1 accionista mayoritario y otro minoritario ¿qué porcentaje de acciones debe tener el minoritario si quiere garantizar la elección de su candidato preferido?
a) 20 %
b) 16,67 %
c) 18 %
d) Ninguna de las anteriores.

5. Los proveedores de la compañía BETIKO le ofrecen un descuento por pronto pago del 5% a la misma si paga sus facturas en la primera semana después de la compra. Normalmente la empresa está pagando sus deudas a tres meses. ¿Cuál es el coste de este crédito comercial?

6. La sociedad N1 JUNDIZ constituida por 400.000 acciones de 1 euro de nominal anuncia una ampliación de capital a la par, siendo la proporción 1 acción nueva por cada 4 viejas y con un nominal de 1 euro cada una. La cotización en bolsa de estas acciones antes de la ampliación era del 140%. Se pide: a) Calcular el valor teórico de los derechos de suscripción. b) Número de acciones después de la ampliación. c) Fondos obtenidos por la sociedad en la ampliación.

7. BARKER S.A. tiene en circulación 400.000 acciones ordinarias y estudia emitir otras 100.000 a través de derechos de compra. Cada accionista actual obtendrá un derecho por acción. El Sr. A posee 40.000 acciones ordinarias.

a) ¿Qué parte de cada una de las nuevas acciones puede adquirir un accionista por cada derecho de compra? b) ¿Cuántos derechos se necesitan para adquirir una nueva acción ordinaria? c) ¿Cuántas acciones nuevas podrá adquirir el Sr. A? d) ¿Cuál es la participación del Sr. A en la empresa después de ejercer sus derechos? e) ¿Ha variado la participación porcentual del Sr. A después de ejercer sus derechos respecto de la que tenía antes de la oferta de derechos?

8. Una empresa sin deuda y con 600.000 acciones en circulación decide emitir 75.000 nuevas acciones con derechos de suscripción preferente. ¿Cuál será el precio de emisión de las acciones nuevas (PE)? El precio de las acciones antes de la emisión (PA) era de 45 euros y el precio después de la ampliación es de 43 euros.
a) 35 euros
b) 24 euros
c) 25 euros
d) Ninguna de las anteriores

9.- Una empresa sin deuda y con 1.000.000 acciones en circulación decide efectuar una ampliación de capital con derechos de suscripción preferente. El precio de las acciones antes de la emisión (PA) era de 52 euros y el precio de emisión (PE) es 34 euros. Si el precio después de la ampliación resulta ser de 50 euros, calcule el número de derechos que harían falta para comprar una acción nueva en la ampliación. a) 2 derechos b) 1 derecho. c) 9 derechos. d) 8 derechos.

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