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1. Rights Offerings [LO4] Hassinah, Inc., is proposing a rights offering. Presently there are 435,000 shares outstanding at $71 each. There will be 50,000 new

1. Rights Offerings [LO4] Hassinah, Inc., is proposing a rights offering. Presently there are 435,000 shares outstanding at $71 each. There will be 50,000 new shares offered at $64 each. a. What is the new market value of the company? b. How many rights are associated with one of the new shares? c. What is the ex-rights price? d. What is the value of a right? e. Why might a company have a rights offering rather than a general cash offer

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