Gates Window Mfg. is considering a rights offer. The company has determined that the ex-rights price would
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Gates Window Mfg. is considering a rights offer. The company has determined that the ex-rights price would be \($39.\) The current price is \($42\) per share, and there are four million shares outstanding. The rights offer would raise a total of \($60\) million. What is the subscription price?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780072313000
5th Edition
Authors: Stephen A Ross, Randolph W Westerfield
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