Bell Hill Mfg. is considering a rights offer. The company has determined that the ex-rights price would

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Bell Hill Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $74. The current price is $79 per share, and there are 27 million shares outstanding. The rights offer would raise a total of $65 million. What is the subscription price?

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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