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21) can you please help with this question? A company wishes to raise $6 million through a rights offering. The subscription price for each share
21) can you please help with this question?
A company wishes to raise $6 million through a rights offering. The subscription price for each share is $40. The company currently has 600,000 shares outstanding, each selling at a current price of $50. How many rights will be required to purchase a share? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Numeric ResponseStep by Step Solution
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