3. 12. Rights [LO 15.4] Kirrawee Hill Manufacturing is considering a rights offer. The company has determined
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3. 12.
Rights [LO 15.4] Kirrawee Hill Manufacturing is considering a rights offer. The company has determined that the ex-rights price would be $63. The current price is $68 per share, and there are 26 million shares outstanding. The rights offer would raise a total of $70 million. What is the subscription price?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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