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9 Skyway Airlines has announced a rights offering for its shareholders. Harold Post owns 2,500 shares of Skyway Airlines stock. Five rights plus $65 cash

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9 Skyway Airlines has announced a rights offering for its shareholders. Harold Post owns 2,500 shares of Skyway Airlines stock. Five rights plus $65 cash are needed to buy one of the new shares. The stock is currently selling for $82 rights-on. a. What is the value of a right? (Round the final answer to 2 decimal places.) Value per right $ 1.5 points b-1. How many of the new shares could Harold buy if he exercised all his rights? 8 00:38:25 Number of shares b-2. How much cash would this require? Cash required c. This part of the question is not part of your Connect assignment

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