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- $80 per share -10,000,000 Current Market Price Outstanding Shares Shares owned by Addie Joss 100,000 Additional capital needed $35,000,000 Subscription price - $70 per
- $80 per share -10,000,000 Current Market Price Outstanding Shares Shares owned by Addie Joss 100,000 Additional capital needed $35,000,000 Subscription price - $70 per share a) How many shares can an owner buy with 1 right? b) What is the total value of Addie's rights a day before the Ex-rights date? c) If the market price of each right is $0.20 after the ex-rights date, what must be the market price of shares
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
